CryptoWorld News: The ETH long position associated with the Matrixport linked address (sub-address 1) has narrowed its unrealized loss from $220.138 million (-641.76%) to $198.538 million (-561.13%). The address’s average entry price is $2,265.44; the current ETH price is $1,769.10; the liquidation price is $1,163.50; and the position size has reached $70.764 million. This address has received multiple fund transfers from Matrixport (now renamed Bit) and is currently the largest on-chain ETH long position, with two other related addresses working together to build the position.

ETH10.89%
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MorningLightInAGlassBottle
· 3h ago
The 1163 liquidation line still has room, but a 20% drop would be dangerous.
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Re-StakingSucculents
· 3h ago
Bit (formerly Matrixport), if this deal blows up, the on-chain liquidation chain reaction could be significant.
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CyberBridgeShadow
· 3h ago
Do three addresses collaborate to build a position? Is this move similar to institutional hedging or is it truly a bullish move?
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Frictionless
· 3h ago
-561% Surprisingly still narrowing, the market has given an opportunity
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