A sharp drop in the Ethereum exchange rate from 19 to 20 August – to the mark of about $4000 – led to massive liquidations of long positions. According to Lookonchain analysts, both large traders and small speculators suffered.

This legendary trader went long on $ETH again but was liquidated in the market crash, losing $6.22M.

Starting with just $125K, he grew his accounts to $6.99M(peaking $43M+).

Now only $771K remains—4 months of gains nearly wiped out in just 2 days.https://t.co/aHuSEEQVhx pic.twitter.com/byQrsQGnOs
— Lookonchain (@lookonchain) August 20, 2025

One of the investors in just four months increased the deposit of $125,000 to $43 million, and on August 18 recorded $7 million in profits. however, the subsequent decline in the market destroyed its position on exchange Hyperliquid, resulting in a loss of $6.22 million. The trader’s account had only $771,000.

The blow fell on the famous trader James Winn. His long shoulder position was also partially eliminated. Wynn reported that he had left $300,000, valid until the ETH price drops below $4,113.

In just 10 hours, James Wynn(@JamesWynnReal)'s $ETH long was partially liquidated, leaving him with a long position of 71.6 $ETH($300K).

New liquidation price: $4,113.1https://t.co/g1Ii9Md7Zs pic.twitter.com/AvgpRhJ15W
— Lookonchain (@lookonchain) August 19, 2025

On the X social network, he admitted that he put all the stablecoins in Ethereum, and added: “If the alseason does not start, my wife and I will have to sharply cut costs.”

Full disclosure. This is an IMPORTANT MESSAGE.🚨

I'm all-in, excluding IRL assets, offshore trusts etc..

I have ZERO stables left to buy the dip, ZERO in the bank. (fk the banks) I have told the wife…

IF, BIG *IF* i'am wrong on this, and alt season doesn't happen then we…
— James Wynn (@JamesWynnReal) August 20, 2025

According to Lookonchain, the panic forced three whales to sell Ethereum for an amount of about $147 million.

Whales are panic-selling $ETH as the market plummets!

0x1D8d deposited 17,972 $ETH($77.4M) to #Coinbase an hour ago.

0x5A8E deposited 13,521 $ETH($57.72M) to #Binance in the past 12 minutes.

0x3684 deposited 3,003 $ETH($12.89M) to #Binance 20 minutes ago.… pic.twitter.com/oxKPQsl9Nv
— Lookonchain (@lookonchain) August 19, 2025

At the same time, some traders retained their exposure. One of them has earned more in the last four months $48 millionby opening long positions on 15 tokens on Hyperliquid.

Meet 0x15b3, a smart trader who has profited $48M+ over the past four months.

Since April, he's been long on 15 tokens on #Hyperliquid, including $ETH, $XRP, $SOL, and $LINK, for a total profit of over $38M.

He also bought 309 $WBTC($24.68M) at $79,778 avg in April and sold 199… pic.twitter.com/sWu950HQem
— Lookonchain (@lookonchain) August 20, 2025