ETH whale’s 45,000-coin long shows $3.35 million unrealized loss

A whale increased its ETH long position to 45,000 coins after adding 13,000 ETH early today. The position, monitored by on-chain analyst Ember, has an average entry price of $2,486 per ETH and is valued at $109 million. Following a recent pullback, it shows an unrealized loss of $3.35 million, while the liquidation price is $2,251 per ETH. A long position is a trade intended to benefit from a rising asset price, while the liquidation price marks the level at which the position may be forcibly closed.