A long position of 120,000 ETH has fully given back all profits, now facing an unrealized loss of $46.01 million

According to monitoring by on-chain analyst Ai Yi, a long trader who previously profited $44.61 million from a long position in ETH has now fully given back all those gains. Four addresses attributed to the same entity collectively hold a long position of 120,000 ETH, with a position value of $225 million. The position is now facing an unrealized loss of $46.01 million, with a liquidation range of $1,355.8 to $1,573.9. The most precarious position is approximately $300 away from its liquidation price. Two of these addresses added $4.9 million in margin earlier this morning.