A whale linked to Matrixport is experiencing significant unrealized losses on a massive Ethereum long position. According to Lookonchain, the whale holds 120,000 ETH, valued at approximately $224.5 million, with unrealized losses surpassing $46 million. The whale has also incurred $1.78 million in funding fees. The liquidation prices for these positions are set at $1,573.93, $1,515.91, $1,416.52, and $1,355.83.