Matrixport’s long ETH position is currently floating in losses of over $20 million. Entry average price: 2265. Now: 1753. Liquidation price: 1070. This leverage is really keeping you on edge.

Crypto news from Bianjie: The ETH long position tied to Matrixport (sub-address 1) is seeing its floating loss increase. The current profit and loss stands at -$20,465,764.97, with a floating loss ratio of -583.47%. The address’s average entry price is $2,265.44; the current coin price is $1,753.80; the liquidation price is $1,070.09; and the position size is $70,152,000.00. This address has received funds from Matrixport (now renamed Bit) multiple times in the past. It is currently the largest on-chain ETH long, with two other related addresses working together to build the position.