Crypto Whale Wiped Out: $11.4M Aave Position Liquidated Amid Bitcoin’s Plunge to $80K
Another day, another crypto millionaire learns the hard way about leverage.
The Domino Effect
Bitcoin's sudden descent to $80,000 triggered a cascade of liquidations across DeFi protocols. One Aave whale watched helplessly as their $11.4 million position got vaporized in the market turmoil.
Margin Calls Don't Care About Your Portfolio Size
The liquidation hammer struck when collateral ratios dipped below critical thresholds. Automated protocols don't discriminate—whether you're a retail trader or a whale swimming in digital assets, the rules remain brutally consistent.
DeFi's Double-Edged Sword
While decentralized lending offers unprecedented access to capital, it also delivers instant, irreversible consequences. No phone calls to your banker, no negotiation—just code executing its cold, mathematical destiny.
Remember: in crypto, the only thing that drops faster than prices are over-leveraged positions. Wall Street bankers might give you a margin extension, but smart contracts? They'll liquidate your entire portfolio before you finish your morning coffee.
TLDR
- Bitcoin’s price drop to $80K triggered over $30 million in liquidations across the crypto market.
- Aave whale 0x94de…940a faced a $11.41 million liquidation after leveraging wrapped Bitcoin and Ether.
- Aave whale 0x3436…2094 saw a $1.92 million liquidation, bringing total losses to nearly $5 million.
- Jeffrey Huang’s trading account was fully liquidated, leading to a $20.23 million loss.
- The market downturn also impacted other major traders, including the “Anti-CZ Whale.”
The sudden drop in Bitcoin’s price to $80,000 has triggered large-scale liquidations across the crypto market. Several high-profile accounts, including Aave whales and well-known traders, have suffered losses exceeding $30 million. These forced liquidations highlight market volatility.
Aave Whale Faces $11.41 Million Liquidation
A major liquidation event impacted an AAVE whale, identified by wallet 0x94de…940a, according to blockchain security firm PeckShield. The liquidation, valued at $11.41 million, occurred as Bitcoin’s price hit $80,000 early Friday. The forced closure came after the whale’s loan-to-value ratio exceeded Aave’s threshold.
#PeckShieldAlert A subsequent liquidation of $11.41M has hit the Aave whale (0x94de…940a), triggered by a $BTC drop to ~$80K.
The whale's strategy involved a long $WBTC position collateralized to borrow $USDT.
The cumulative liquidation total now stands at $20M. pic.twitter.com/ePAAa4NrV8
— PeckShieldAlert (@PeckShieldAlert) November 21, 2025
On-chain data shows the whale had Leveraged $10.55 million in wrapped Bitcoin, 116.66 wrapped Ether, and $9.9 million in Aave tokens. As Bitcoin’s price plunged, the account’s position collapsed, causing the liquidation. The seizure of collateral, including 56.61 ETH, totaled the $11.41 million loss.
This incident is part of a broader trend affecting Aave whales. The liquidations suffered by the wallet have now reached nearly $20 million. These losses reflect the risk of leveraging in a highly volatile market.
Second Whale Experiences $1.92 Million Loss
Another Aave whale, identified by wallet 0x3436…2094, faced a liquidation of $1.92 million during the same market downturn. This account used Wrapped Bitcoin and wrapped staked Ether as collateral to borrow USDT and USDC. As Bitcoin’s value dropped, the position fell below the collateralization threshold.
PeckShield reported that this wallet’s total liquidations now amount to almost $5 million. The whale’s exposure highlights the risks of leveraged positions in volatile markets. The series of liquidations is a reminder of how quickly market movements can wipe out leveraged positions.
Jeffrey Huang’s Account Fully Liquidated in Market Crash
Jeffrey Huang, a well-known trader and former actor, also fell victim to the market collapse. His trading account was fully liquidated, leaving just $15,538. This resulted in staggering losses of $20.23 million from his crypto positions.
Huang’s primary trading account had been placing leveraged long bets on Ether, according to Lookonchain. Despite depositing 115,000 USDC to maintain his positions, his account was wiped out as the market corrected. Data from Hyperliquid revealed that Huang’s most recent position involved a 25x cross-margin long on Ether.
This Anti-CZ Whale just got liquidated in the market crash!
He was once a legend with nearly $100M in profit — now his profits have dropped to $30.4M.https://t.co/UR55h4gK7l pic.twitter.com/5Tnp9UVEae
— Lookonchain (@lookonchain) November 21, 2025
The liquidation wiped out nearly all of Huang’s trading funds. It underscores the risks that even prominent traders face in today’s volatile crypto environment. His losses add to the growing trend of large-scale liquidations within the market.
The broader crypto market continues to struggle with the effects of massive liquidations. In the wake of Bitcoin’s sharp decline, several other whales and traders have experienced severe losses. One example is the so-called “Anti-CZ Whale,” whose profits dropped from $100 million to $38 million after the market downturn.
The recent selloff in Bitcoin ETFs also contributed to the broader market’s weakness. BlackRock’s IBIT saw $355.5 million in outflows, while Grayscale’s GBTC experienced withdrawals of $199.35 million. These outflows have intensified concerns about Bitcoin’s ability to recover before the end of the month.
