Floating loss $73.66 million, Hyperliquid's largest ETH long opens 120,000 ETH long position

According to Odaily, on-chain analyst EmberCN reports that ETH has been dropping over $100 daily in recent days. The largest ETH long on Hyperliquid opened a long position of 120,000 ETH at an average price of $2,261, valued at $271 million, currently with a floating loss of $73.66 million. Their multiple positions have liquidation prices between $1,300 and $1,400, and after adding $26 million in margin in recent days, the liquidation threshold has been lowered.