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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TL;DR

A whale 'pension-usdt.eth' opened a $56 million ETH long position with 2x leverage, now at a $460,000 loss, after closing a profitable short position. It's the second largest ETH long on Hyperliquid, with recent swing trading yielding high monthly profits.

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EthereumETHwhale tradingHyperliquidleveragecryptocurrency

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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