PANews reported on June 5th that, according to Lookonchain, a whale account suspected of being linked to Matrixport held 120,000 ETH long contracts, currently showing a floating loss of approximately $78 million. To mitigate the risk of liquidation, the account added 5.84 million USDC as margin, lowering the liquidation prices for multiple positions to approximately $1,414.51, $1,366.11, $1,360.73, and $1,309.53.