An Ethereum long position valued at $186 million is currently experiencing a floating loss of $2.9 million. The position, known as "Tie Tou Bullish Position," was established by purchasing 80,000 ETH at an average price of $2,265 starting April 30. Despite reaching an unrealized profit of over $8 million at the market peak on May 11, the position has returned to a loss as Bitcoin's price fell below $80,000, according to on-chain analyst Aunt Ai.