Matrixport sub-account 2's ETH long position was cut from -203% to -114%, with an average price of 2243 and current price of 2121. Narrowing unrealized losses do not mean the risk is gone; the story of the largest on-chain long position often has two endings: myth or liquidation.

CoinWorld News, the ETH long position at the Matrixport associated address (sub-address 2) has narrowed its unrealized loss. The profit and loss of this address has narrowed from -$6,213,744.24 (-203.46%) to -$3,648,744.24 (-114.66%), with an average price of $2,243.12, the current price of the coin is $2,121.50, the liquidation price is $1,752.69, and the position size is $63,645,000.00. This address has received multiple fund transfers from Matrixport (now renamed Bit), and is currently the largest long position on-chain ETH, with two other related addresses collaborating on the position.