Matrixport-affiliated whale's 120,000 ETH long position has an unrealized loss of over $69 million

Onchain Lens monitored that as the ETH price fell below $1700, a giant whale associated with Matrixport, holding a long position of 120,000 ETH (15 to 20 times leverage), is currently facing an unrealized loss of over $69 million and has paid $1.86 million in funding rates.