A whale rivaling CZ is currently in a perilous situation—holding a long position worth $237 million is experiencing a floating loss of $40.3 million, with liquidation risk looming again.

According to on-chain data monitoring, this whale previously opposed CZ in position direction due to optimism about ASTER, then chose a short strategy. His ETH long was once only $28 away from forced liquidation, but ETH's rebound turned his deep floating loss of $44 million into breakeven. However, he did not take profit and close the position, instead continuing to add.

Now that ETH has fallen back to $2,800, the situation has become dangerous again—liquidation price is only $100 away from the current price. The current holdings of this whale include: 5.71 million ETH (market value $161 million, open price $3,190, liquidation price $2,714, floating loss $20.72 million), 38.82 million XRP (market value $69.98 million, open price $2.29, liquidation price $1.63, floating loss $19.03 million), 230,000 HYPE (market value $5.19 million, floating loss $540,000).

The decision to add to positions rather than take profit is testing this trader's nerves—any slight disturbance could trigger a chain of liquidations.