Huo Xing Finance reports, according to on-chain analyst Yujin, as ETH drops near the $2,000 level, Hyperliquid’s largest long position of 120,000 ETH (valued at $71 million) is currently underwater by $27.92 million. The average entry price for this 120,000 ETH long position was $2,261, and ETH is now nearing a break below $2,000. The liquidation prices for two of these addresses are around $1,750, while those for the other two are approximately $1,350.
Hyperliquid's largest ETH long position incurs a $27.92 million floating loss
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Summary
Hyperliquid's largest ETH long position faces a $27.92 million floating loss as ETH approaches $2,000. The position, consisting of 120,000 ETH valued at $71 million, was opened at $2,261. Position sizing significantly influences the risk exposure. Two addresses are at risk of liquidation near $1,750, while two others face liquidation risk around $1,350. Position trading strategies are under pressure as prices decline.
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