ETH's largest long position closes, while BTC's original whale remains in loss amid crypto rally

ME News report, August 25 (UTC+8): According to TradingBeats monitoring, among the top whales with significant recent account gains, the largest HYPE long position remains first with approximately $58.14 million in unrealized profit; BIT-linked addresses have fully closed their ETH positions, realizing net profits of about $31.26 million. BTC OG insider whale (largest BTC long): Holds a long position of 1,268.3 BTC with unrealized profit of ~$5.6 million, but simultaneously holds a ZEC short position with an unrealized loss of ~$13.4 million, resulting in a net overall loss of ~$7.8 million; still unprofitable. BIT-linked whale (largest ETH long): Four linked addresses previously held a combined long position of approximately 120,000 ETH, now fully closed. After deducting funding fees and transaction costs, net profit amounts to ~$31.26 million. Largest HYPE long: Holds 1.38 million HYPE longs valued at ~$112 million, with an average cost of $38.68, generating unrealized profit of ~$58.14 million. Funding fees and other costs total ~$5.1 million. “819 ETH insider whale”: Entered a position of 20,000 ETH at an average price of $1,936 and has not reduced it since; current position value is ~$49.97 million with unrealized profit of ~$11.25 million. Largest ZEC long: Entered position 39 days ago, holding 20,800 ZEC with unrealized profit of ~$6.58 million; total cumulative profit across the entire cycle is ~$8.44 million. Maji: Combined unrealized profits from ETH, BTC, and HYPE longs total ~$2.04 million; cumulative profit over the past 30 days is ~$10.26 million; however, total cumulative loss across the entire cycle remains ~$25.71 million—currently recovering significantly but still unprofitable. (Source: BlockBeats)