Whale Loses $231,400 as ETH Reacts to Mideast Tensions

Edgen Crypto

·Feb 28 2026, 14:21

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Key Takeaways

A prominent crypto whale, Machi, experienced a near-total liquidation of their Ethereum position on February 28. The event underscores the digital asset market's vulnerability to sudden geopolitical shocks, which can trigger rapid price drops and forced selling.

A prominent crypto whale was liquidated after a sharp, geopolitically-driven drop in Ethereum's price.
The account's value collapsed from $245,000 to just $13,600 in four days, representing a 94.4% loss.
The price shock was directly linked to market reactions following reports of an Israeli attack on Iran, highlighting crypto's sensitivity to global instability.

Whale Account Value Collapses 94.4% to $13,600

On February 28, a trading account controlled by crypto whale Machi (@machibigbrother) was forcibly liquidated, causing its value to plummet to just $13,600. The account held $245,000 only four days prior, marking a total loss of $231,400. The liquidation event highlights the severe risks of leveraged trading during periods of high volatility, effectively wiping out nearly the entire capital in the position.

ETH Price Drop Linked to Israel-Iran Conflict News

The catalyst for the liquidation was a sharp price decline in Ethereum (ETH), reportedly triggered by breaking news of an Israeli attack on Iran. This incident demonstrates how quickly digital asset markets can react to major geopolitical events, creating a risk-off environment. The sudden price shock forced the liquidation of leveraged positions like Machi's, amplifying downside pressure. The event serves as a stark reminder that external instabilities can lead to significant market volatility and trigger cascades of deleveraging across major cryptocurrencies.