😐Unrealized loss exceeds $77 million, "Ironhead Long Army" added $8 million margin at early morning
According to on-chain analyst Ai Yi, the "Ironhead Long Army" that went long 120,000 ETH added another $8 million margin in the early hours, with current unrealized loss now over $77.04 million.
The liquidation prices for the four linked addresses are $1,174.6, $1,059.1, $1,064.7, $1,143.6 respectively, with an average entry price of about $2,265,
and there is still some distance to liquidation. On-chain there are also over 6 million USDC available as backup margin.
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"Ironhead Long Army" that went long 120,000 $ETH added $8 million margin in the early morning, with unrealized loss now exceeding $77.047 million 🥶
Currently the four addresses (i.e., the Bit-linked entities) have liquidation prices of $1,174.6 / $1,059.1 / $1,064.7 / $1,143.6, with entry point roughly $~2,265
Although the unrealized loss is severe, there is still ample room before liquidation, and on-chain there are over 6 million USDC available as margin, so the liquidation risk is low. It just depends on whether to keep holding the position.
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🔥 Co-founder Joseph Lubin shared that Ethereum is getting close to some important upgrades.
Soon, different networks (Layer 1 and Layer 2s) will be able to work together much faster and smoother using special technology called ZK proofs.
This means tokens can move between chains almost instantly and safely — without needing risky bridges. It will connect all the money in the ecosystem in one place, making everything more efficient.
As a result, more complex transactions will happen, which burns more ETH. Big players like traditional finance companies, AI agents, and DeFi apps are expected to use these new features.
Ethereum will win!
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Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
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