With tonight’s drop, the [Hyperliquid biggest long-head honcho] has flipped his profit into a loss—his long position worth $233 million is now sitting on an unrealized loss of $3.39 million.
After going flat on 8/25 and closing a $537 million long position for a profit of $61.72 million, he restarted his longs starting 8/28. As of now, he has opened:
◎1,400 BTC ($110 million), long entry average $78,672; currently unrealized loss of $1.94 million.
◎50,000 ETH ($123 million), long entry average $2,469; currently unrealized loss of $1.45 million.
His last batch of longs opened in May was trapped for three months. At the worst point, he was down an unrealized $120 million. He held it until August, when he broke even and even exited with a profit of $61.72 million.
Now, the longs he opened this time have again entered unrealized losses.
After going flat on 8/25 and closing a $537 million long position for a profit of $61.72 million, he restarted his longs starting 8/28. As of now, he has opened:
◎1,400 BTC ($110 million), long entry average $78,672; currently unrealized loss of $1.94 million.
◎50,000 ETH ($123 million), long entry average $2,469; currently unrealized loss of $1.45 million.
His last batch of longs opened in May was trapped for three months. At the worst point, he was down an unrealized $120 million. He held it until August, when he broke even and even exited with a profit of $61.72 million.
Now, the longs he opened this time have again entered unrealized losses.
