Hyperliquid's largest ETH long position underwater has expanded to $58 million, with a liquidation price of $1506

BlockBeats News, June 4th, according to Ashes Monitor, as ETH dropped below $1800, the largest ETH long position holder on Hyperliquid, who had opened a long position of 120,000 ETH at an average price of $2261, is currently facing a paper loss of approximately $58 million.

To avoid liquidation, the holder has added 11 million USDC as collateral in the past day, reducing the liquidation price from $1617 to $1506.