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BIT-Linked Whale Raises Ethereum Long Position to 90,000 ETH

Reports describe a BIT- or Matrixport-linked trader expanding a large Ethereum long to 90,000 ETH before later rebuilding an 80,000 ETH Hyperliquid position, highlighting active whale positioning and liquidation risk.

ETH
HYPE

Fact Check
The claim has two parts. First, the specific account-level assertion is directly supported by the Hyperbot trader page, which labels the wallet as a 'Matrixport Entity' and shows a 35,000.58 ETH long with total position value $81,376,345.71 and unrealized PnL about $1.95M. Odaily's April 29 newsflash matches those figures and adds the liquidation level near $1,204, citing and linking to that same Hyperbot page. Second, the broader statement that a Matrixport-linked whale built about $131.82M in ETH long exposure across three addresses is consistently reported by Odaily, PANews, and crypto.news from Onchain Lens data, all stating roughly 58,000 ETH across three addresses with notional value around $132M. I did not obtain the original Onchain Lens X post content directly in this run, so the three-address total rests on multiple media reports rather than the original social post, but the consistency across sources and the direct Hyperbot wallet page make the overall claim likely true.
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Summary

A whale described across reports as BIT-linked or Matrixport-linked built a massive bullish Ethereum position that was first estimated at roughly 58,000 ETH across three addresses, later reported at 90,000 ETH worth about $204 million, and then described in a newer update as a rebuilt 80,000 ETH long on Hyperliquid worth about $182 million. The rebuilt position was opened at an average price of $2,265 and showed about $514,000 in unrealized profit at the time of reporting. Earlier HyperBot data also detailed one 35,000 ETH perpetual leg with an entry price of $2,269 and a liquidation level near $1,204. Across prior reports, the trader was said to have realized about $59 million in cumulative profit.

Terms & Concepts
  • Long position: A trade intended to profit if an asset’s price rises, reflecting a bullish view on the market.
  • Hyperliquid: A crypto trading platform focused on onchain derivatives, including large perpetual positions.
  • ETH: The native cryptocurrency of Ethereum, commonly used as both a network asset and a trading instrument.