Ether Long Position Sits $60 From Liquidation as $352M Book Shows $18.87M Loss
Photo: TokenPost
A heavily leveraged crypto trader or institution is carrying $18.87 million in unrealized losses across a $352 million long portfolio, with its Ether position just $60 from liquidation. The portfolio held 79,260 Ether (ETH), with a liquidation threshold between $2,290 and $2,301. ETH had dropped below $2,400, the price move tied to the reported liquidation proximity. Long positions gain value when the underlying asset rises and lose value when it falls. Liquidation is the forced closure of a position when its collateral can no longer support the exposure.
Source: TokenPost
