「Today's Top 1 Loss」 ETH's Largest Long Position Faces $88.5 Million Mark-to-Market Loss, Exceeding 530% of Initial Margin

BlockBeats News, June 26. According to Hyperinsight monitoring, this morning, ETH once again fell back and briefly approached $1,500. The largest ETH long position on Hyperliquid, under the name "BIT Whale," saw significant losses in four address positions, with a 24-hour loss of over $10.1 million, currently expanding the overall floating loss to $88.5 million. Based on the initial $16.5 million position, the losses have exceeded the principal by 5.3 times.

Due to the continuous decline in ETH this morning, to avoid liquidation, the address topped up the margin to several addresses within the past 24 hours, totaling approximately $8 million. After this replenishment, the recent liquidation line has been lowered to $1,143.

The whale currently holds a long position of 120,000 ETH (about $183 million) on Hyperliquid, with an overall weighted leverage of about 18 times. Calculated based on the proportion of funds in each address, the comprehensive average entry price is around $2,261.

It is reported that this address belongs to the digital financial service group BIT (formerly Matrixport) and has received multiple fund transfers from its holdings. Previously, it had held a long position in ETH in the scale of hundreds of millions, with profits exceeding $50 million.

Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41

Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6

Address: 0xa875890465dA20062bCF3b024Bf7d54E69C725a8

Address: 0xfd423284f6a9c73a2a3d53cab8921d6533533d97