Whale’s 20x Bitcoin Short Nets $16.92 Million Profit

Hyperliquid’s largest ETH long holder 0x9ee faces steep unrealized losses after November 14 leveraged acquisitions of ETH and XRP.

BTC
ETH
XRP

Summary

Hyperliquid’s largest ETH long whale, wallet 0x9ee, currently holds $180 million worth of ETH longs at $3,224 per ETH and $94.4 million in XRP longs at $2.29 per token. These positions, initiated during a November 14 buying spree, are now down $15 million and $7.59 million respectively, resulting in a combined unrealized loss of $22.8 million. The total position size stands at $273 million, reflecting the risks of substantial leveraged exposure in volatile crypto markets.

Terms & Concepts
  • Long Position: A trading strategy where an investor buys an asset expecting its value to increase.
  • Unrealized Loss: A decrease in the value of a held asset that has not yet been sold to realize the loss.