According to ChainCatcher, on-chain analyst Yujin stated that the address 0xb317...72b3ae has opened an ETH long position of over $230 million on Hyperliquid. The current floating loss has reached $50.46 million, down from a floating profit of about $56 million just a few days ago. The account has lost over $106 million in value within a short period. The total size of the position is approximately $660 million, with a liquidation price of $2,263.64. The current ETH spot price is around $2,958, leaving less than $700 between the current price and the liquidation level.
ETH Whale Suffers Over $50M Floating Loss on $230M Position
ChaincatcherShare
Summary
A major ETH position trading account, linked to address 0xb317...72b3ae on Hyperliquid, is currently facing a $50.46 million floating loss. The position, part of a $660 million portfolio, was previously up by $56 million but has now declined in value by over $106 million. With a position size of $230 million, the liquidation price is set at $2,263.64. ETH is currently trading at $2,958, leaving less than $700 before the position reaches the liquidation threshold.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.