Dormant Address on Hyperliquid Reactivated with Significant ETH Leverage

A previously inactive address on Hyperliquid has been reactivated after four months, according to BlockBeats On-chain Detection. The address received approximately $1.1 million and subsequently leveraged 40 times to take a long position on 12,902 ETH, with a position value of about $25.8 million. As of the latest update, the position is experiencing an unrealized loss of $130,000, or -12.8%, with an entry price of $2,011 per ETH. The liquidation price is set at $1,966, leaving the current price less than $40 away from the liquidation threshold. This address is currently the closest to liquidation among large-scale ETH holders. Address: 0xce82df2573ecb0a76db15c0ff380ef65e9258c97