After Sustaining Millions in Losses, Whale Rebuilds ETH Long Position with $123 Million in Holdings

According to HyperInsight tracking, on February 10, a major ETH long-term whale, having recently suffered heavy losses, swiftly adjusted its strategy by depositing an additional $7.5 million in margin into Hyperliquid to rebuild its ETH long position.

The whale’s current holdings now total 60,000 ETH, worth approximately $123 million, with an average price of $2,059. It has already realized a floating profit of $360,000, and still holds $33.46 million in margin, indicating continued confidence in ETH's value.

Notably, the whale had previously closed out a two-month ETH long position the day before, resulting in a $9.63 million loss. This latest move appears to be a strategic reset, reallocating margin more effectively to re-enter the market with improved positioning.