An address has liquidated a long ETH position, realizing a loss of over $17 million in the past 5 days.

BlockBeats News, August 2nd, according to lookonchain monitoring, due to the market downturn, part of the BTC and ETH long positions of address 0x0558 were liquidated. He has completely closed the ETH long position and currently holds a long position of 640 BTC (worth $72.3 million).

Five days ago, his total profit exceeded $18 million, but now only $494,700 is left—almost all gains have evaporated.