Matrixport-linked whale loses over $46 million on 120,000 ETH long position

Odaily reported that according to Lookonchain monitoring, a whale (0xA875...25a8) suspected to be associated with Matrixport holds a long position of 120,000 ETH, valued at $224.5 million, and is currently facing losses exceeding $46 million. The whale has already paid $1.78 million in funding fees. The liquidation prices are $1,573.93, $1,515.91, $1,416.52, and $1,355.83 respectively.