Whale's ETH Long Position Hits 45,000, Currently Facing $3.5M Unrealized Loss

Whale Adds to ETH Long Position, Now Holds 45,000 ETH

According to Onchain Lens data, on February 11, the whale address '0x6C8' transferred 1.99 million USDC, worth about $32.7 million, to HyperLiquid, adding to its leveraged ETH long position.

As a result, the whale now holds a total of 45,000 ETH in long positions, valued at approximately $87.8 million, though it currently faces around $3.5 million in unrealized losses.

Market Eyes Whale Onchain Movements

Massive onchain transfers like this often draw investor attention, especially amid volatile ETH price action. Whale behavior can influence market sentiment and potentially impact future price trends.

• Whale has increased ETH exposure multiple times
• Current position carries significant unrealized losses
• Market remains highly sensitive to major onchain activity