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BIT-affiliated Whale Longs 120,000 ETH, Currently Facing a Unrealized Loss of Over $69 million

BlockBeats News, June 5th, according to Onchain Lens monitoring, as ETH dropped below $1,700, the 120,000 ETH long position held by a BIT (formerly Matrixport) affiliated whale is currently facing a paper loss of over $69 million (15-20x leverage), and has already paid $1.86 million in funding fees.

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On-Chain Activity

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1h ago

"The Largest Long Position on Hyperliquid" is currently facing an unrealized loss of $73.66 million, with the liquidation price for the ETH long position ranging from $1,300 to $1,400.

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