According to EmberCN monitoring, as reported by COINOTAG News, the CZ Whale’s Counter Trade holds a substantial long exposure valued at roughly $2.61 billion, now recording an unrealized loss of about $31.84 million. The liquidation thresholds for the long legs are set at ETH around 2,528 and XRP around 1.55.
After closing a short on ASTER days earlier, the trader shifted toward long bets on ETH and XRP, expanding net exposure toward a near $3 billion footprint. The latest price retreat has compressed mark-to-market value, underscoring elevated risk in large crypto-position strategies amid ongoing volatility.
Market participants note that such concentration in a single counter-position elevates the importance of risk controls and clear liquidation thresholds within professional crypto desks. Readers should monitor action around the cited levels and assess risk-adjusted returns in this dynamic market backdrop.