ETH Whale Sees Record 140,000 Coin Long Position Worth $270 Million Amidst Rising Floating Profits

On March 12, COINOTAG News reported that the Hyperliquid 50x Leveraged Whale has significantly expanded its Ethereum (ETH) long position, now totaling 140,000 coins, which equates to approximately $270 million. This represents the highest single-coin standing since the initial launch of the position. The current long position is yielding a floating profit of $3.1 million, marking a noteworthy performance in a volatile market. The liquidation threshold for this substantial position is set at $1,877, underscoring the importance of market monitoring for strategic asset management. As the cryptocurrency landscape evolves, such positions may influence future trends, highlighting the necessity for traders and investors to stay informed about large-scale movements in the market.