Liquidation pressure around large leveraged Ether bets remained centered on three whale positions carrying roughly 345,000 ETH, or about $537 million, in combined risk, as analyst Ai Yi highlighted two major Hyperliquid-linked longs alongside the dormant Aave whale already suffering forced unwinds. The dormant whale’s Aave-based ETH long had already seen cumulative liquidations of 31,915.13 ETH after a latest 10,117 ETH liquidation, following earlier overnight liquidations totaling 21,798.13 ETH across two linked addresses. The latest update also described a whale that had been looping long ETH since February and had posted 152,195 ETH as collateral on Hyperliquid with health at 1.16, while a Bit-linked entity held 120,000 ETH longs with an unrealized loss of $84.48 million and liquidation prices of $1,241 to $1,272. Earlier reports said the dormant whale used repeated USDT borrowing and looping on Aave to build a large leveraged ETH position and kept buying into the decline even after partial liquidations.