Ether Long Position Sits $60 From Liquidation as $352M Book Shows $18.87M Loss

A heavily leveraged crypto trader or institution is carrying $18.87 million in unrealized losses across a $352 million long portfolio, with its Ether position just $60 from liquidation.

The portfolio held 79,260 Ether (ETH), with a liquidation threshold between $2,290 and $2,301. ETH had dropped below $2,400, the price move tied to the reported liquidation proximity.

Long positions gain value when the underlying asset rises and lose value when it falls. Liquidation is the forced closure of a position when its collateral can no longer support the exposure.

The portfolio also included 1,140 Bitcoin (BTC), with liquidation levels ranging from $72,268 to $74,449. The $18.87 million loss applies to the positions overall, rather than representing a stated loss on ETH alone. The $60 figure describes the stated distance to liquidation, while the reported ETH trigger is a range rather than a single price.