Data: A whale holding long positions on 120,000 ETH added $8 million in margin early this morning, with unrealized losses exceeding $77.04 million.

According to ChainCatcher, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that the on-chain whale known as the "Ironhead Bulls" added $8 million in margin during the early hours, and is currently long on 120,000 ETH with an average entry price of approximately $2,265, with an unrealized loss exceeding $77.047 million.

Its four related addresses (bit related entities) have liquidation prices of $1,174.6 / $1,059.1 / $1,064.7 / $1,143.6, and over 6 million USDC on-chain is still available as margin.