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

The Odaily Planet Daily reported, according to monitoring by Ember, that ETH dropped by $100 compared to yesterday morning. The long position worth $271 million (120,000 ETH) opened by the largest long position holder on Hyperliquid at an average price of $2,261 is currently showing an unrealized loss of $58 million. To avoid liquidation, over the past day, they have been adding 11 million USDC as margin, lowering the liquidation price of positions close to the threshold from $1,617 to $1,506, which is approximately $250 away from the current price.