PANews, May 23: According to on-chain analyst Yujin, as ETH declines toward the $2,000 level, Hyperliquid’s largest long position of 120,000 ETH ($271 million) is now underwater by approximately $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 long position of 120,000 ETH is currently floating at a loss of $27.92 million.
PANewsShare
Summary
Hyperliquid's largest position, with a trading exposure of 120,000 ETH, is now floating at a $27.92 million loss as ETH approaches $2,000. The position, valued at $27.1 million, was opened at an average price of $2,261. Two addresses are at risk of liquidation near $1,750, while two others face liquidation around $1,350. Managing position sizing for such large ETH longs remains critical to mitigating risk during sharp price declines.
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.