From +$5M to -$4M… This $ETH Long Got Hit Hard.
This whale opened an 8x long on 45,087 ETH back on August 31, putting around $108M into a single position. At one point, the trade was sitting on a $5.054M unrealized profit. Now..... It’s flipped to roughly a $3.98M unrealized loss.
The position is still the third-largest single-asset position on Hyperliquid, with an entry at $2,486.37 and liquidation at $2,181.80. They’ve also already paid more than $541K in funding fees.
this was the address’s first-ever trade. Could be a fresh wallet belonging to an experienced trader… but that part is still speculation.
Address: 0x0392a716dbee1661ea781881826b928daeb5d7d9
This whale opened an 8x long on 45,087 ETH back on August 31, putting around $108M into a single position. At one point, the trade was sitting on a $5.054M unrealized profit. Now..... It’s flipped to roughly a $3.98M unrealized loss.
The position is still the third-largest single-asset position on Hyperliquid, with an entry at $2,486.37 and liquidation at $2,181.80. They’ve also already paid more than $541K in funding fees.
this was the address’s first-ever trade. Could be a fresh wallet belonging to an experienced trader… but that part is still speculation.
Address: 0x0392a716dbee1661ea781881826b928daeb5d7d9
