Unrealized loss reaches $58 million; Hyperliquid's largest long adds 11 million USDC as margin

Odaily reported that according to monitoring by Ember, ETH has dropped $100 from yesterday morning's price. The largest long position on Hyperliquid opened a long position of 120,000 ETH (worth $271 million) at an average price of $2,261, currently facing an unrealized loss of $58 million. To avoid liquidation, the trader has added 11 million USDC as margin over the past day, lowering the liquidation price of the near-threatened position from $1,617 to $1,506, approximately $250 away from the current price.