CoinWorld News: The ETH long position associated with Matrixport address (sub-address 2) has an unrealized loss of $16,722,744.24, with an unrealized loss ratio of 661.36%. The average entry price for this address is $2,243.12, the current price is $1,685.70, the liquidation price is $1,174.75, and the position size is $50,571,000.00. This address has received multiple fund transfers from Matrixport (now renamed Bit), making it the largest on-chain ETH long position, with two other related addresses collaborating to build the position.

ETH-5.63%
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GateUser-c25a653c
· 2h ago
The average price is 2243, and it’s now 1685. There’s still room before the liquidation line at 1174, but if it drops another 30%, that will trigger a liquidation cascade—it's basically “blowing up.” The biggest on-chain long position is caught in a dilemma here, unsure whether to push forward or step back.
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GateUser-03ce08c7
· 2h ago
Matrixport renamed itself to Bit, and as a result, the ETH position was renamed to Tragedy. How did a $50 million trade end up like this—was risk control asleep?
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GateUser-e4351615
· 2h ago
16M unrealized loss, 50M position, liquidation at 1174, I looked at these numbers three times, confirming I didn't add an extra zero
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