Whale Liquidated for $61.5 Million as Bitcoin Tumbled to New Lows
It was one other sharp drop for bitcoin earlier this morning when the asset plunged to its lowest degree in over two weeks at underneath $64,500.
Given the extent and speed of the crash, the whole worth of wrecked positions skyrocketed inside hours to nearly $500 million. Within this timeframe, nearly 140,000 merchants have been wrecked, in accordance to knowledge from CoinGlass. However, one case particularly raised a couple of eyebrows.
An unknown whale was wrecked for $61.51 million prior to now day throughout BTC’s painful drop. The liquidation occurred on HTX and concerned the BTC/USDT buying and selling pair.
Another whale that was hit throughout the dip was Machi Big Brother – the Taiwanese-American entrepreneur and former musician, whose actual identify is Jeffrey Huang.
Data from Lookonchain exhibits that he was partially liquidated on his ETH place. CryptoPotato reported a couple of days in the past that his total crypto portfolio had fallen beneath $1 million, posting a lack of round $28 million.
Although that quantity has risen to over $28.8 million following the most recent liquidation, he continues to construct on his Ethereum longs, now holding 1,700 tokens, price $3.2 million.
ETH’s worth was rejected at $2,000 over the weekend and plunged to $1,850 for the primary time for the reason that February 6 crash, when it bottomed at $1,750.
The market simply crashed, and Machi(@machibigbrother) was partly liquidated once more.
But he retains including to his $ETH lengthy place.
He now holds 1,700 $ETH($3.21M), with a liquidation worth of $1,818.74.
His complete loss has handed $28.8M.https://t.co/P6lglcgpyo pic.twitter.com/t9cEDpOzQ1
— Lookonchain (@lookonchain) February 23, 2026
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