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

Odaily Planet Daily reported that, according to Yu Jin's monitoring, ETH dropped by $100 compared to yesterday morning. The largest long position on Hyperliquid opened 120,000 ETH at an average price of $2,261, valued at $271 million, resulting in an unrealized loss of $58 million. To avoid liquidation, over the past day, they have successively added 11 million USDC as margin, lowering the liquidation price of the near-risk position from $1,617 to $1,506, which is approximately $250 away from the current price.