Unrealized Loss Hits $58 Million, Hyperliquid’s Largest Long Position Adds 11 Million USDC Margin

Odaily News According to monitoring by Yu Jin, ETH dropped by $100 compared to yesterday morning. Hyperliquid’s largest long position opened 120,000 ETH at an average price of $2,261, valued at $271 million, currently facing an unrealized loss of $58 million. To avoid liquidation, the position has been adding 11 million USDC in margin over the past day, lowering the liquidation price for near-liquidation positions from $1,617 to $1,506, approximately $250 away from the current price.