Unrealized Loss of $73.66 Million: Hyperliquid's Largest ETH Long Opens 120,000 ETH Position

According to on-chain analyst EmberCN's monitoring, ETH has been dropping by over $100 daily in recent days. Hyperliquid's largest ETH long has opened a position of 120,000 ETH at an average price of $2,261, worth $271 million, currently facing an unrealized loss of $73.66 million. The liquidation prices for multiple positions range between $1,300 and $1,400. After adding $26 million in margin in recent days, the liquidation threshold for the positions has decreased.