Hyperliquid's Largest ETH Long Position Sees Reduced Losses with $230M Value

Update on ETH Long Position

According to recent data, the largest ETH long holder on Hyperliquid added another 15,000 ETH this morning, bringing the total position to 120,000 ETH with a current value of $230 million.

Detailed Position Analysis

One address holds a long position of 70,000 ETH, opened at $1,991 with a liquidation price at $1,362. Another address maintains a 50,000 ETH long, opened at $2,012 with a liquidation level at $1,350.

Market Impact and Outlook

The significant reduction in unrealized losses indicates that ETH price movement may be shifting in favor of long holders, making it worth watching the market's next moves.