ETH Whale Tied to BIT Holds $252M Long Position With $19.3M Unrealized Loss as of May 25

GateNews
ETH-1.31%
HYPE2.47%
According to Hyperinsight, as of May 25, the on-chain ETH whale tied to BIT holds a $252 million long position with a $19.3 million unrealized loss. The whale's position, which peaked at a $27.2 million loss over the weekend when ETH dipped to $2,000, has recovered slightly on renewed market strength. The whale operates through four addresses on Hyperliquid, maintaining a long position of 120,000 ETH with an estimated weighted average entry price of $2,270 and approximately 18x leverage across the positions.
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