$237 million long positions nearly liquidated, ETH holders are only a hundred dollars away from the liquidation price

【BitPush】A seasoned trader recently found himself in a dangerous situation. According to on-chain data tracking, this trader currently holds long positions worth $237 million in crypto assets, including 57,100 ETH (valued at $161 million), 38.82 million XRP (valued at $69.98 million), and 230,000 HYPE tokens (valued at $5.19 million).

What’s more alarming is that this massive long position account is currently showing an unrealized loss of $40.3 million. The most dangerous part is the ETH position — the liquidation price is set at only $2,714, with just a $100 buffer zone from the current spot price of around $2,800.

This is not the first time this trader has come close to liquidation. During a previous market fluctuation, ETH price dropped to $2,623, just $28 above the $2,595 liquidation threshold. At the last moment, a market rebound saved the position from liquidation.

Interestingly, this trader previously gained attention for shorting a certain project token on social media. Now, facing a long exposure of over $237 million, any market fluctuation could be the last straw that breaks the camel’s back.