In-Depth Analysis: Whale Faces Massive Unrealized Loss on $6.8M ASTER Long Position on Hyperliquid

Whale's Leveraged ASTER Bet Turns Sour Amid Market Downturn

On January 14, on-chain analytics revealed a significant long position on a derivatives platform held by a whale address starting with 0x6b4. The trader opened a leveraged long on ASTER at an average price of $0.94, deploying 5x leverage to accumulate a position worth $6.84 million.

The trade has since turned deeply underwater, with unrealized losses reaching $1.46 million—76% of the initial margin. This is currently the largest open long for ASTER on the platform, with a liquidation threshold at $0.621.

Bitcoin Position Shines Amid ASTER Losses

In contrast, the same address holds a highly profitable BTC long position. With 40x leverage, the $21.4 million BTC position is currently up $850,000 in unrealized gains, entered at an average price of $91,300.

• ASTER Position: $6.84M, 5x leverage, $1.46M loss
• Liquidation Price: $0.621, Opened: November 22, 2025
• BTC Position: $21.4M, 40x leverage, $850K profit

The dual strategy highlights a high-risk trading approach, balancing aggressive bets across volatile assets while navigating divergent market movements.