Two wallet addresses holding a combined Longing position of 100,000 ETH recorded a floating loss of over $4.483 million.
The developments, as recorded in the on-chain analysis on February 10th, show large floating losses on ETH positions worth tens of thousands of ETH, reflecting the price volatility risk associated with leveraged or margin orders.
- Two Longing wallets totaling 100,000 ETH are currently experiencing floating losses exceeding $4.483 million USD.
- Wallet 0xa5B…01D41: 60,000 ETH, entered at $2,059.8 USD, loss $3.078 million USD.
- Wallet 0x6C8…D84F6: 40,000 ETH, entered a trade at $2,039.43, resulting in a loss of $1.4 million.
Details of two Longing positions of 100,000 ETH.
Wallets 0xa5B…01D41 and 0x6C8…D84F6 are incurring floating losses of $3.078 million and $1.4 million respectively, totaling over $4.483 million.
The account 0xa5B…01D41 holds 60,000 ETH, worth approximately $120 million. The position was opened at $2,059.8 and currently shows a floating loss of $3.078 million.
The account 0x6C8…D84F6 holds 40,000 ETH, worth approximately $80.38 million. The position was opened at $2,039.43 and currently shows a floating loss of $1.4 million.
Risk signals from large floating holes
Floating losses of millions of USD on two Longing ETH positions demonstrate the significant risk involved in holding 100,000 ETH.
With positions open around the $2,039.43–$2,059.8 range, the occurrence of floating losses indicates that the ETH price moved against expectations at the time of recording. With a notional size of approximately $200.38 million ($120 million + $80.38 million), even small fluctuations can amplify into significant losses.
