Hyperliquid's largest ETH long position's unrealized loss has expanded to $47 million, with a liquidation range of $1617 to $1355.
BlockBeats News, June 3rd, according to EmberCN monitoring, as ETH dropped to around $1870, the largest ETH long position holder on Hyperliquid established a long position of 120,000 ETH at an average price of $2261 (worth about $271 million), and the unrealized loss on the books has now expanded to approximately $47 million.
Data shows that the liquidation price range of this position is from $1617 to $1355. The most recent liquidation price is only about $250 away from the current price, and further market decline may increase its liquidation risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Brent: Inflation expectations rise on price rebound – Deutsche Bank
The unwinding of Swiss franc carry trades fuels the safe-haven rally, and potential short squeezes may further strengthen the trend
Swiss franc arbitrage trading has been hindered, and the rally of this safe-haven currency may further strengthen.

US Dollar: Hawkish skew supports upside risks – ING
