According to Coinbob's Hot Address Monitoring, on February 24, the largest ETH long whale on chain (0xa5b…) currently holds a 15x leveraged ETH long position, with unrealized losses expanding to $11.8 million, representing a 138% loss.
Position Status Overview
The whale currently holds approximately 70,000 ETH, valued at $127 million. The average entry price is $1,991, making it the largest ETH long address on the Hyperliquid platform.
Notably, the address added approximately 10,000 ETH to its position yesterday at an average price of $1,880, worth about $18.8 million.
Fund Flow Insights
- The account has net deposited $55 million into Hyperliquid since December last year.
- Current account equity stands at approximately $34.3 million.
- Over the past 30 days, equity drawdown has exceeded $23.8 million.
Prior to this, the whale held a long ETH position exceeding $100 million at the end of last year, which was fully closed in February, representing approximately 60,000 ETH.
After closing that position, the trader reopened a new position and continues to employ a scalping and swing trading strategy, maintaining a position size exceeding $100 million.