Even whales can't hold up, entering at 2391 and exiting at 2124, with leverage taking many along in one wave.

ME News reports that the whale nemorino.eth withdrew 8,424 ETH from Spark within 1 hour, liquidating it at $2,124 per ETH, selling about $17.9 million worth, with a loss of about $2.25 million. Earlier this month, the address used Spark’s stablecoin leverage to go long when ETH rebounded, with an average purchase cost of $2,391. After closing the position, it repaid the loan and deposited the remaining $11.71 million USDC back into Spark. (Source: ODAILY)