Trader's 12,000 ETH long loss narrows to $640K, down $7.2M in a week
- —Position: 12,000 ETH long with $640K unrealized loss
- —Entry price $2,547.66, liquidation price $2,454.22
- —$7.2 million lost over the past seven days
- —Cumulative loss on the address stands at $33.97 million
Why it matters: A large long sitting near its liquidation level raises the risk of forced ETH selling if prices fall further.
Source: TokenPost