Largest On-Chain ETH Long Position of $252 million Still Under Pressure, with an Unrealized Loss of $19.3 million

BlockBeats News, May 25th, according to Hyperinsight monitoring, on-chain data shows that the largest ETH long position holder "BIT Whale" is still holding a $252 million position at a significant loss. Over the weekend, ETH's price temporarily dropped to around $2000, causing the whale's unrealized loss to peak at $27.2 million. At the time of writing, with a slight price recovery, the unrealized loss has narrowed to $19.3 million.

The whale is currently strategically positioned on Hyperliquid through four addresses, holding a total of 120,000 ETH with an overall weighted leverage of approximately 18x. Based on the percentage of funds in each address, the average entry price is around $2270.

It is reported that these addresses belong to the digital financial service group BIT (formerly Matrixport), which has repeatedly received transfers of funds under its name. Previously, they went long on ETH with a position size in the billions, achieving over $50 million in profits.

Addresses: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41

Addresses: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6

Addresses: 0xa875890465dA20062bCF3b024Bf7d54E69C725a8

Addresses: 0xfd423284f6a9c73a2a3d53cab8921d6533533d97

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