If ETH falls again, a whale with over 22.8 million in holdings may front-run the liquidation.

BlockBeats News, April 28, according to Hyperinsight monitoring, the top 3 ETH long whale on Hyperliquid, address 0x535, has a liquidation price only $50 away from the current price, being the closest to liquidation among the whales with tens of millions on the platform.

The whale currently holds a long position of about $22.8 million in ETH, with a liquidation price of $2237, facing a floating loss of about $390,000 (-43.7%). In addition, it holds long positions in several other assets such as BTC and HYPE. If the market continues to decline, the liquidation prices of all positions will be raised accordingly.

In contrast, the second largest ETH bull, "Buddy" Huang Lizheng, has a liquidation price for his ETH long position at $2215, with a position size of $35.68 million, while also holding a $42.7 million BTC long position, similarly facing the risk of a cascading liquidation price increase.

Address: 0x535e34b5ada64997afc88444271ae9b3f82b3867

Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872