ChainCatcher report: According to official Hyperliquid data, BTC rebounded from its overnight low of $66,000 and is currently trading at $68,640, up 3.9% during this period, while ETH showed a smaller gain over the same timeframe. Further monitoring reveals that the largest long positions for both ETH and BTC on this platform belong to the address “ETH Swing Master” (0xa5b0), with a total position size of $183 million. The BTC long position held by this address amounts to $44.7 million and has now turned profitable; the ETH long position stands at $139 million, requiring only a 0.2% increase in ETH price to break even, with a current unrealized loss of approximately $170,000. Additionally, this address has received multiple fund transfers from Matrixport. Another suspected related address (0x6C8) holds approximately $99.5 million in ETH long positions, currently with an unrealized loss of $1.1 million.
BTC and ETH largest long positions near break-even on Hyperliquid
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Summary
ETH price movements are drawing attention as the largest ETH long positions on Hyperliquid approach break-even. The top long position, held by address 0xa5b0, totals $183 million, with $139 million in ETH longs requiring a 0.2% price increase to avoid losses. ETH analysis shows this position has a small floating loss, while a related address holds $99.5 million in ETH longs with a $1.1 million loss. This address has received funds from Matrixport.
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