Whale Faces $21.2 Million Unrealized Loss on Leveraged ETH Long at Hyperliquid

A cryptocurrency whale previously identified for large leveraged ETH trades on Hyperliquid is now holding a 20x leveraged Bitcoin position worth $49.1 million in 537.83 BTC. Onchain Lens reports the position has been in a loss for 24 consecutive days, currently showing a $4.49 million deficit, down from a $9.5 million peak loss three days earlier. This follows the whale’s history of high-risk leveraged trading, including an ETH long position with a $21.2 million unrealized loss.

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