Ethereum Whale Holds $269M Leveraged Long Position, Adds $62.7M Buy Order
On-chain data shows whale '1011' now holds over 80,985 ETH longs with $21.5M profit and recently opened a new $38.4M leveraged long after selling $5.49M of ETH.
ETH
USDC
HYPE
Summary
Ethereum whale '1011' maintains roughly 80,985 ETH long positions worth $269 million, generating $21.5 million in unrealized profit. The trader sold 1,654 ETH for $5.49 million USDC before depositing into Hyperliquid to open a 7x leveraged long position totaling 11,543 ETH, valued at $38.4 million, with a liquidation price of $2,907.6. Earlier activity included a 10,000 ETH sell order at $3,888 and multiple HYPE token sell orders, alongside holdings of 9,802 ETH longs with $1.905 million profit and 2.157 million HYPE longs with a $5.403 million loss.
Terms & Concepts
- ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and smart contract execution.
- Leveraged Position: A trading strategy that uses borrowed funds to increase potential returns, which also amplifies potential losses.
- Liquidation Price: The price at which a leveraged position is automatically closed by the platform to prevent further losses.