Matrixport-Linked Whale Faces $46M Unrealized Loss on 120,000 ETH Long Position

A large investor linked to Matrixport is currently holding four leveraged Ethereum (ETH) long positions totaling 120,000 ETH, valued at approximately $224.5 million.

These positions have now moved into deep negative territory, with unrealized losses exceeding $46 million. In addition, the trader has incurred around $1.78 million in funding fees.

With market conditions continuing to fluctuate, the positions are now exposed to multiple liquidation levels set at $1,573.93, $1,515.91, $1,416.52, and $1,355.83.

Source: Lookonchain