Monitoring shows that ETH has dropped to around $2,000, resulting in a $27.9 million unrealized loss on the largest long position held by [Hyperliquid’s top long trader], consisting of 120,000 ETH valued at $271 million. The average entry price for this long position was $2,261, and ETH is now nearing a break below $2,000. The liquidation prices for two of the addresses are around $1,750, while those for the other two are approximately $1,350. (Embers)
ETH drops to $2,000; Hyperliquid long position loses $27.9M
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Summary
The ETH price dropped to $2,000, triggering a $27.9 million unrealized loss on a 120,000 ETH long position on Hyperliquid. The average entry price was $2,261, and ETH is now trading near $2,000. Two addresses are at risk of liquidation near $1,750, while two others face liquidation around $1,350. Traders are also monitoring altcoins amid the broader market downturn.
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