ETH drops to $1,870, largest long position faces $47M unrealized loss, liquidation risk intensifies

ETH has dropped to $1,870. The [Hyperliquid's biggest ETH bull] who opened a long position of 120,000 ETH ($271M) at an average price of $2,261 is now sitting on an unrealized loss of $47M . This is probably giving them a serious headache. Their 120,000 ETH long position has an average entry price of $2,261, and with ETH now at $1,870, the liquidation price is between $1,617 and $1,355. That’s not too far off—just about $250 away. Address: https://((((hypurrscan.io))))/address/0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 perps https://((((hypurrscan.io))))/address/0x6c8512516ce5669d35113a11ca8b8de322fd84f6 perps https://((((hypurrscan.io))))/address/0xa875890465da20062bcf3b024bf7d54e69c725a8 perps https://((((hypurrscan.io))))/address/0xfd423284f6a9c73a2a3d53cab8921d6533533d97 perps OKX