Hyperliquid's largest long position of 120,000 ETH has suffered a floating loss of $27.92 million.

On May 23, according to on-chain analyst Yu Jin's monitoring, with ETH falling to near the $2,000 mark, Hyperliquid's largest long position of 120,000 ETH ($271 million) is now showing a paper loss of $27.92 million. The average opening price for these 120,000 ETH long positions was $2,261, and ETH is now close to falling below $2,000. The liquidation prices for two addresses are around $1,750, and for two other addresses, around $1,350.