The two addresses have now collectively long, with a total value of $190 million.

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PANews reported on February 10 that, according to on-chain analyst @ai_9684xtpa, two addresses have accumulated long of over 95,000 ETH, with a total value of $190 million, making them the top 1 and top 2 long positions in Hyperliquid's ETH portfolio.

  • Address 0x6C8…D84F6 deposited 21.798 million USDC as margin into Hyperliquid in the past 3 hours, and then opened a 20x long position of 35,164.2 ETH (US$70.5 million), with an average opening price of US$2,044.11. It is currently experiencing a floating loss of US$1.245 million.
  • Address 0xa5B…01D41 is the largest long position in Hyperliquid ETH, having opened a long position of 60,000 ETH (US$120 million) last night at an average opening price of US$2,059.8, and is currently showing a floating loss of US$3.12 million.

The two addresses have something in common: their margins were transferred from Tron to Arbitrum via Bridge, and the methods and timing were similar, suggesting they may belong to the same whale or entity.

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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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