Hyperliquid's largest long position of 120,000 ETH is currently facing an unrealized loss of up to $27.92 million

According to monitoring by on-chain analyst Ember, as ETH drops near the $2,000 mark, the largest long position on Hyperliquid — 120,000 ETH (worth approximately $271 million) — is currently facing an unrealized loss of up to $27.92 million. The average opening price for this 120,000 ETH long position is $2,261, and ETH is now approaching the $2,000 level. The liquidation prices for two of the addresses are around $1,750, while the other two addresses have liquidation prices around $1,350.