Hyperliquid's Largest ETH Long Position Sees $58M Unrealized Loss, Liquidation Price Drops to $1,506

ETH-6.11%
USDC-0.01%
According to BlockBeats, on June 4, Hyperliquid's largest ETH long position holder saw unrealized losses expand to approximately $58 million as ETH dropped below $1,800. The trader, holding 120,000 ETH at an average price of $2,261, added 11 million USDC in collateral within 24 hours to prevent liquidation, lowering the liquidation price from $1,617 to $1,506.
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