ETH Drops Another $100, Biggest Long Position Faces $58M Unrealized Loss, Adds Margin to Defend Position

Compared to yesterday morning, ETH has dropped another $100. The [Hyperliquid Biggest Long Whale], who opened a long position of 120,000 ETH at an average price of $2,261 ($271M), now faces an unrealized loss of $58M . To avoid liquidation, they have added $11M USDC in margin over the past day, lowering the liquidation price of their closest position from $1,617 to $1,506. That’s still about $250 away from the current price. -------------------------------------------------------------------------- Bitget: Join and you’re VIP! Crypto, U.S. stocks, CFDs—global opportunities all in one place.