The streak of losses in the cryptocurrency market persists, with traders facing another disappointing Friday as millions are wiped out. A significant crypto investor has seen over $1.4 million vanish due to liquidations from long positions on wrapped Bitcoin (wBTC), Ethereum (ETH), and Chainlink (LINK).
Blockchain security firm PeckShield identified a whale wallet, labeled 0x19c4…d26a, which had open positions on the decentralized derivatives platform Aave using WBTC, ETH, and LINK as collateral.
The liquidation was triggered when Bitcoin’s value dipped below the crucial $104,000 mark, prompting forced sell-offs from various addresses within the derivatives sector.
Bitcoin Decline Leads to Whale’s $1.45 Million Liquidation
Etherscan data shared by PeckShield reveals that this address moved more than 14.8 ETH (valued at approximately $54,700) into an Aave contract alongside over 1.28 million USDC while making several smaller transactions between Aave Treasury and other DeFi platforms like BuilderNet.
#PeckShieldAlert: Whale wallet 0x19c4…d26a experienced a $1.45M liquidation after BTC fell below $104K via #Aave long position on $WBTC / $ETH / $LINK pic.twitter.com/yEuWcv4RLS
— @PeckShieldAlert October 17, 2025
Automated collateral liquidations occur when digital assets held as margin are sold off to cover leveraged losses. PeckShield noted that total exposure for this address reached around $1.45 million.
Bitcoin saw a decline of 5.% in just one day dropping beneath July’s low point at about $104,000, causing many highly-leveraged traders who anticipated stronger market recovery facing sudden liquidations.
Technical Analysis Shows Bearish Trend For BTC:
Market analysts place resistance levels for king coin trading between &lt107&gt500-&lt110&gt000 correlating with its simple moving average across two hundred days (SMA). The breakdown through SMA combined with confirmed Head-and-Shoulders chart pattern suggests bearish sentiment surrounding bitcoin short-term prospects according technical experts opinion .

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During Asian trading hours last Friday another large-scale investor holding wbtc position within avae system reportedly suffered approximate loss totaling close & dollar sign ;1500k following btc price drop under eight-thousand-dollar threshold . Another similar case involved yet different entity having lost ten-million-dollars overall across ethereum bitcoin long-standing investments despite previously earning five-point-five-millions profit now left negative balance four-point-six-nine-million-net-loss post-recent-market-declines according lookonchain findings .
Analytics provided hyperdash indicate same individual increased leverage exposure Thursday evening raising total holdings valued approximately one-hundred-fifty-eight-millions including nineteen-thousand-eight-hundred-ninety-four eth worth eighty-million-three-hundred-thousands along six-hundreds-ninety-nine btc seventy-seven-six hundred thousand dollars based current valuations reported . Platform details ongoing fifteen-times-leverage-bitcoin-position showing entry down thirty-three-percent-plus whereas five-time-ethereum-long-trade carries seventy-five-four hundred thousand value decrease twenty-two-percentage-points setting potential-margin-call-levels respective values eighty-seven-eight-twenty-two-dollars-per-btc-two-thousands-five-zero-four-usd-each-eth
Fear Index Rises Amidst Tariff Concerns
When White House unveiled new tariffs targeting Chinese imports exceeding hundred percent set November first previous week ,bitcoin dropped rapidly weekly high-to-low levels reaching mere minutes time-frame panic-selling gripped leveraged markets deepening slide further bitstamp exchange below eleven thousands USD.
However markets showed signs recovery week later President Donald Trump appeared retract earlier statements imposing additional duties China stating “tariffs initially planned won’t stand think fine relations”. His comments sparked mild uptick pricing recovering multi-week lows nearing six-digit-mark publication moment though broader sentiment remains fragile reflected fear-greed-index currently reading extreme-fear category standing twenty-three points indicating cautiousness prevailing throughout crypto community . Open interest figures coinglass readings suggest decline funding rates hovering near-neutral zero-zero-twenty-nine percent meanwhile whale inflows exchanges spiked seventeen thousands-one-eighty-four bitcoins emphasizing continued cautionary stance adopted larger accounts amidst volatile conditions
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