On-chain ETH maximum long floating loss has expanded to approximately $12 million, with recent additional purchases bringing the total position size to $127 million.

BlockBeats News, February 24 — According to Coinbob's popular address monitoring, the largest on-chain ETH bull whale (0xa5b…) currently holds a 15x leveraged ETH long position. The unrealized loss has expanded to $11.8 million, with a loss of 138%. Its current holdings are approximately 70,000 ETH, worth about $127 million, with an average entry price of $1,991. This is the largest ETH long position address on the Hyperliquid platform.

Yesterday, this address increased its ETH position significantly again, adding 10,000 ETH at an average price of $1,880, totaling about $18.8 million. Since December last year, it has deposited a net total of $55 million into Hyperliquid. Currently, the account funds are about $34.3 million, with a total fund withdrawal of over $23.8 million in the past 30 days.

This whale previously established an ETH long position worth over $100 million at the end of last year and closed it all in February this year, with a position size of about 60,000 ETH. Since then, it has re-entered the market, continuing its trading style of high buy and low sell, taking advantage of market swings with over $100 million in volume.