Crypto Whale Gets Rekt: $83M ETH Liquidation and Over $1B Vanishes in 24 Hours!

Well, that was quick! The crypto market took a nosedive on Aug. 14, erasing over $1 billion in liquidations within a single day.

Inflation: The Uninvited Guest Crashes the Party

So, just when you thought the crypto market was on a roll, it suddenly hit the brakes. Over $1 billion in long and short positions vanished faster than a magician’s rabbit on Aug. 14. According to Coinglass (updated at 10:30 p.m. EST), a staggering $872 million of those liquidations were from long positions. For those of you who aren’t into the whole “liquidation” thing, that’s money that was *poof* gone. Short positions made up the leftovers.

What caused this chaos, you ask? Well, turns out the July 2025 U.S. Producer Price Index (PPI) was the culprit, showing an unexpected spike in wholesale prices-up 0.9% for the month and a snazzy 3.3% from the previous year. That’s the largest monthly gain in three years, so naturally, the market freaked out like it’s in a zombie apocalypse.

The new data has everyone biting their nails about inflation fears. The higher wholesale prices are putting the squeeze on consumers, and, guess what, those tariff policies from the Trump era? Yeah, they’re still hanging around like that one relative who just won’t leave after dinner. And this has led to fears that the Federal Reserve might not be as chill with rate cuts as we hoped.

For those following the fun and games, Ethereum (ETH) had the most liquidations, with $272.29 million in longs and $74.17 million in shorts wiped out. Bitcoin (BTC) wasn’t far behind, losing $164.64 million in long liquidations and $13.16 million in shorts.

The Whale Who Forgot How to Swim

And then, there’s the case of the infamous whale trader, Aguila Trader, who’s clearly the poster child for “don’t put all your eggs in one basket” (or in this case, don’t gamble your fortune on crypto with leverage). This guy, who has a talent for losing money faster than a Vegas slot machine, got liquidated for a whopping 18,323 ETH, which translates to a rather impressive $83.56 million. Ouch. In the blink of an eye, that’s more than $37 million gone from his account, leaving him with only $330K-a mere shadow of the trader he once was.

Eyeonchain, who clearly has too much time on their hands, reported that this wasn’t even his first rodeo. Aguila Trades had already lost more than $37 million in previous misadventures. And get this, another X user claims that Aguila lost more than $200 million just a week before, when he decided to short ETH with 15x leverage. His liquidation price was $4,383. That’s one heck of a gamble, right?

So, to summarize: this trader’s portfolio is looking more like a tragic comedy than a financial success story. One minute you’re cruising in a Lamborghini, the next minute you’re walking barefoot to the bus stop. That’s crypto for you. 😅

2025-08-15 06:58

Inflation: The Uninvited Guest Crashes the Party

The Whale Who Forgot How to Swim

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