120k ETH long positions are floating at a loss of 69 million dollars, and this funding fee has already burned 1.86 million, even whales can't hold on anymore.

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CryptoWorld News: As the trading price of Ethereum (ETH) drops below $1,700, a whale associated with Matrixport currently holds a long position of 120k ETH, with floating losses exceeding $69 million, and has paid $1.86 million in funding fees.
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