Hyperliquid's top ETH long holder faces $73.7M unrealized loss

The largest holder of Ethereum long positions on Hyperliquid is currently facing an unrealized loss of $73.66 million, EmberCN reported. The whale holds a position of 120,000 ETH, worth $271 million, across four addresses with an average entry price of $2,261. EmberCN added that if ETH's price continues to fall, the whale might be forced to reduce the position. The liquidation price for some of the addresses is between $1,300 and $1,400, a threshold that was recently lowered after the whale added another $26 million in collateral.