Data: Hyperliquid's largest ETH long position has seen its unrealized losses widen to $73.66 million, with a liquidation range of $1,300 to $1,400.

According to Huoxun Finance, on-chain monitoring shows that ETH has continued to decline recently. A Hyperliquid address with a large long position of 120,000 ETH (approximately $271 million) opened at an average price of $2,261 has seen its unrealized losses widen to $73.66 million. To mitigate liquidation risk, the address recently added $26 million in margin, lowering its liquidation price range from $1,617-$1,355 to $1,300-$1,400. However, the current ETH price has fallen to $1,870, only about $470 away from the nearest liquidation line, further intensifying the pressure to stop losses and reduce positions.