Today's Top 1 Loss: Largest ETH Long Position Holder Sits on $88.5 Million Unrealized Loss, Down Over 530% From Initial Principal

According to Hyperinsight monitoring, ETH fell again early this morning, once approaching $1,500. The largest ETH long on Hyperliquid, the "BIT-linked whale", saw synchronized massive losses across four of its addresses’ long positions, with over $10.1 million lost in the past 24 hours. Its total unrealized loss has now expanded to $88.5 million. Calculated from its position opening principal of roughly $16.5 million, the loss exceeds 5.3 times the principal. To avoid liquidation amid ETH’s continued decline this morning, the whale’s addresses have added margin to several of their accounts over the past 24 hours, totaling around $8 million. After this top-up, the latest liquidation line has dropped to $1,143. The whale currently holds a total of 120,000 ETH long positions on Hyperliquid, valued at approximately $224 million, with an overall weighted leverage of around 18x. Based on the proportion of funds across addresses, its average entry price is roughly $2,261. It is understood that these addresses belong to BIT (formerly Matrixport), a digital financial services group. They have repeatedly received fund transfers from BIT, and previously held ETH long positions worth hundreds of millions, with profits exceeding $50 million. Addresses: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 0x6c8512516ce5669d35113a11ca8b8de322fd84f6 0xa875890465dA20062bCF3b024Bf7d54E69C725a8 0xfd423284f6a9c73a2a3d53cab8921d6533533d97