Massive $250M ETH Liquidation Sparks $2.5B Crypto Wipeout as Prices Plunge
Total crypto liquidations exceeded $2.5 billion in the past 24 hours, with Ethereum accounting for $1.14 billion and Bitcoin for $765 million. The ‘Hyperunit whale,’ associated with former BitForex CEO Garrett Jin, closed out a leveraged ETH position on Hyperliquid, realizing a $250 million loss and leaving the account with just $53. BitMine Immersion Technologies is facing over $6 billion in unrealized losses on its...






