Data: The largest on-chain ETH long position of $252 million is still under pressure, with an unrealized loss of $19.3 million
According to monitoring by Hyperinsight, the largest on-chain ETH bull "BIT associated whale" with a position of $252 million is still in a significant loss state. Over the weekend, the ETH price briefly retraced to around $2000, causing the whale's unrealized loss to expand to $27.2 million. As of the time of writing, due to a slight rebound in the market, the unrealized loss has narrowed to $19.3 million.
Currently, this whale has diversified its position across four addresses on Hyperliquid, with a total long position of 120,000 ETH and an overall weighted leverage of about 18 times. Based on the weighted calculation of the capital proportion of each address, the average entry price is approximately $2270. It is reported that this address belongs to the digital financial services group BIT (formerly Matrixport), which has repeatedly received fund transfers from its own accounts and previously took long positions in ETH on a scale of hundreds of millions, with profits exceeding $50 million.
You may also like

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

How much longer can Ethereum's last big buyer hold on?

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Every exchange is a "Universal Exchange."

The counterattack of traditional finance: Alliance chains are quietly reviving

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.
