Ether slipped below $2,600, triggering a full liquidation of a large leveraged long position tied to wallet address 0xcbab, according to on-chain tracker Lookonchain. The position involved 3,728 ETH and was valued at about $9.85 million based on the figures provided in the source. Lookonchain said the liquidation unfolded within just three minutes after ETH moved below the $2,600 mark. The update was published by ChainCatcher as a brief market alert under its whale movement coverage. No further details on the trader’s leverage, entry price, or liquidation venue were disclosed in the source material.
ETH fell below $2,600, and a trader using wallet address 0xcbab saw a 3,728 ETH long position fully liquidated within three minutes, according to Lookonchain. The position was worth about $9.85 million based on the figures cited in the source.
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