Hyperliquid ETH whale opens $36.33 million long, ranking eighth on platform

The monitored wallet has made 15 ETH trades since June for about $4.29 million cumulative profit, while another address opened a 40x leveraged 1,100 BTC long showing an unrealized loss.

BTC
ETH
HYPE

Summary

A wallet identified as 0xa2e…f1468 opened a large ETH long position on Hyperliquid roughly three hours earlier and now holds 21,000 ETH worth about $36.33 million. The position was opened at an average entry of $1,728.5 and was showing an unrealized profit of about $32,000 at the time of the update. Monitoring data attributed to ai_9684xtpa also said the address has made 15 ETH trades since June for roughly $4.29 million in cumulative profit. Separately, address 0x7c4...8e00b opened a 40x leveraged BTC long that was holding 1,100 BTC worth about $70.6 million at a $64,509 average entry, with about $383,000 in unrealized loss. Large leveraged positions on crypto derivatives venues are closely watched because sharp price moves can quickly reshape profit and loss and increase liquidation risk.

Terms & Concepts
  • long position: A trade designed to profit if the price of an asset rises.
  • unrealized profit: A gain on an open position that has not been locked in by closing the trade.
  • 40x leveraged BTC long: A Bitcoin position using borrowed exposure equal to 40 times the trader's collateral, increasing both potential gains and losses.