“Today’s Top 1 Loss”: ETH’s Largest Long Position Incurs $88.5 Million Floating Loss—Over 5.3x the Initial Margin
According to Hyperinsight monitoring, ETH declined again this morning, briefly approaching $1,500. On Hyperliquid, ETH’s largest long position—held by the “BIT-affiliated whale”—suffered substantial losses across its four addresses, with losses exceeding $10.1 million within the past 24 hours. Its total unrealized loss has now widened to $88.5 million. Given its initial position size of approximately $16.5 million, the loss has exceeded 5.3 times the principal.
