Hyperliquid's largest ETH long position underwater has expanded to $58 million, with a liquidation price of $1,506

BlockBeats News, June 4th, as ETH broke below $1800, the largest ETH long position holder on Hyperliquid established a 120,000 ETH long position at an average price of $2261 (worth approximately $271 million), and the unrealized loss on the books has now expanded to around $58 million.

To prevent liquidation, the holder has continuously added 11 million USDC in collateral over the past day, lowering the liquidation price from $1617 to $1506.