
Two identified addresses, possibly controlled by one entity, continue expanding leveraged ETH longs on Hyperliquid, highlighting sustained large-scale bullish positioning.
A bullish Ethereum address, 0x6C85, deposited $30.71 million USDC into Hyperliquid to open a long position of 40,000 ETH valued at $80.92 million, according to Lookonchain. This address is linked to an entity already holding a combined 95,000 ETH long position worth $190 million via two addresses, which occupy the top two spots on Hyperliquid's leaderboard. These holdings were initially funded via Tron-to-Arbitrum transfers, with one address using 20x leverage at an entry price around $2,044. The latest deposit suggests the entity may further increase its exposure to ETH.