According to @EmberCN, a trader added margin and increased a long to 66,700 ETH (about $286 million) with a reported liquidation price at $4,214, less than $100 from the spot price at the time, source: @EmberCN on X, Aug 29, 2025 https://twitter.com/EmberCN/status/1961439014277583290. @EmberCN also reports the ETH long was initiated four days earlier and is currently showing an unrealized loss of approximately $26.1 million, source: @EmberCN on X, Aug 29, 2025 https://twitter.com/EmberCN/status/1961439014277583290. For traders, the $4,214 level is a key near-term line to watch given it is the stated liquidation threshold for this large ETH position, source: @EmberCN on X, Aug 29, 2025 https://twitter.com/EmberCN/status/1961439014277583290.