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BIT-Linked Whale's $247M ETH Long Falls Underwater, Down $13.08M From Weekly Peak

GateNews
Derivatives Dataethereum news
ETH-2.02%
LONG-2.91%

According to BlockBeats, on May 14, a whale associated with digital finance group BIT saw its $247 million ETH long position on Hyperliquid fall underwater, with floating losses expanding to $2.75 million. The whale deployed 1.1 million ETH across four addresses with approximately 18x combined leverage and an average entry price of $2,271. From the weekly high, the whale’s position has retreated approximately $13.08 million, with funding rate settlements accounting for roughly $760,000 in losses, per Hyperinsight monitoring.

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