Huo Xing Finance reports that on August 28, according to monitoring by @ai_9684xtpa, a Bit-affiliated entity that previously profited $55.095 million from long positions in ETH has recently opened a cumulative long position of $49.98 million in ETH through three new addresses, at an average entry price of approximately $2,485. Combined, this position has become the seventh-largest ETH position on the Hyperliquid platform. The whale deployed $26.88 million in margin to open a leveraged long position of approximately 20,000 ETH. Compared to its previous long position of 120,000 ETH, this new position represents a reduction in scale.
ETH whale adds $26.88M margin to open a long position of 20,000 ETH on Hyperliquid
MarsBitShare
Summary
An Ethereum whale has added $26.88M in margin to establish a long-term leveraged ETH position on Hyperliquid. The whale, which previously earned $55.095M from a long position, opened three new addresses with $49.98M in open interest and an average entry price of $2,485. The position corresponds to approximately 20,000 ETH, making it the seventh-largest on the platform. This move aligns with a long-term crypto strategy, though it is smaller than the whale’s earlier 120,000 ETH long position.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.