120,000 ETH long positions with a floating loss of 46 million yuan—the capital fee burn is truly heartbreaking.

According to Lookonchain monitoring, the major whale related to Matrixport holds a long position of 120k ETH, valued at approximately $224.5 million, currently with an unrealized loss of over $46 million, and has paid $1.78 million in funding fees. The liquidation prices for the related long positions are $1,573.93, $1,515.91, $1,416.52, and $1,355.83.