The long ETH position opened yesterday by whale"pension-usdt.eth" has fallen below the average price, with the position size reaching $56 million.

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On December 2nd, according to Coinbob's hot address monitoring , at 9 PM yesterday, a whale marked "pension-usdt.eth" opened a new ETH long position with 2x leverage, with a holding size of $56 million, an average price of $2,825, and a floating loss of $460,000 (1.78%). It is now the second largest ETH long position on Hyperliquid.

According to further monitoring, at 9:00 AM yesterday, this address closed its short ETH position of approximately $18.1 million, recording a profit of about $900,000. This address has recently been frequently engaging in swing trading and opening large positions with low leverage. This week, it has averaged holding positions for about 8 hours, with monthly profits reaching $9.96 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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