Crypto whales face over $700M liquidations as Bitcoin nears $75,000 and Ethereum falls below $2,400

Several prominent whale addresses experienced significant position changes over the weekend as Bitcoin briefly approached $75,000 and Ethereum dropped below $2,400, Coinbob's address tracker cited by BlockBeats shows. The "BTC OG insider whale," described as the largest on-chain ETH and SOL long, was fully liquidated on its long positions with over $700 million in liquidations, resulting in approximately $270 million in losses over the past two weeks and pushing cumulative losses above $128 million since October. The "CZ counterparty" whale, previously the second-largest ETH long and largest XRP long, saw its ETH and XRP long positions liquidated for about $50.46 million in weekend losses on top of $65.13 million in liquidations last week. Trader Kevin Huang added $390,000 in margin but had HYPE and ETH longs wiped out, taking a nearly $20 million position to zero, with his account balance now reported under $2,000, while the "ultimate short" address partially closed BTC shorts for around $9.68 million in weekend profit, cutting position size from about $50 million to $14.4 million with $6.7 million (931%) in unrealized profit and roughly $10 million in funding-fee income.