Largest On-Chain ETH Long Position of $252 million Still Under Pressure, with an Unrealized Loss of $19.3 million

On May 25, monitoring from Hyperinsight (via its Telegram channel @HyperInsight) shows on-chain data indicating that the largest Ethereum (ETH) long position holder—nicknamed the “BIT Whale”—still maintains a $252 million ETH position, sitting at a significant unrealized loss. Over the weekend, ETH’s price temporarily dropped to around $2,000, pushing the whale’s unrealized loss to a peak of $27.2 million. As of press time, the loss has narrowed to $19.3 million following a slight recovery in ETH’s price. Currently, the whale is strategically positioned on the Hyperliquid platform through four distinct addresses, holding a total of 120,000 ETH with an overall weighted leverage of approximately 18x. Based on the share of funds allocated to each address, the average entry price for these ETH positions is roughly $2,270. Reports indicate these addresses belong to BIT, a digital financial services group previously known as Matrixport. The group has repeatedly received fund transfers under its name; earlier, BIT opened a multi-billion-dollar long position on ETH, generating over $50 million in profits. Addresses: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 0x6c8512516ce5669d35113a11ca8b8de322fd84f6 0xa875890465dA20062bCF3b024bF7d54E69c725a8 0xfd423284f6a9c73a2a3d53cab8921d6533533d97 Additionally, the HyperInsight Bot is now live. To use it, add @HyperInsightBot to your community and grant it administrator privileges (message sending permission must be enabled) to automatically sync real-time on-chain information.