The largest on-chain ETH long position of $252 million remains under pressure, with an unrealized loss of $19.3 million.

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BlockBeats News, May 25 — According to Hyperinsight monitoring, the on-chain ETH largest long position “BIT-related giant whale” with a holdings of $252 million is still in a state of significant unrealized loss. During the weekend, the ETH price once pulled back to around $2,000, causing the whale’s unrealized loss peak to expand to $27.2 million. As of press time, due to a slight rebound in the market, the unrealized loss has narrowed to $19.3 million.

Currently, the whale has spread and arranged positions across four addresses on Hyperliquid, totaling 120,000 ETH long positions, with an overall weighted leverage of about 18x. Based on the fund proportion of each address, the consolidated weighted average entry price is approximately $2,270.

It is reported that this address belongs to the digital financial services group BIT (formerly Matrixport). It has received fund transfers from accounts under its name multiple times. Previously, it went long on ETH in a multi-billion scale, with profits exceeding $50 million.

Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41

Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6

Address: 0xa875890465dA20062bCF3b024Bf7d54E69C725a8

Address: 0xfd423284f6a9c73a2a3d53cab8921d6533533d97

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Tangerine-FlavoredPullback
· 12h ago
The cost of 2270 is now around 2000; a floating loss of $20 million might be a pittance for institutions.
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GateUser-cbb8cdf5
· 12h ago
BIT this giant whale really dares to go all-in, 18x leverage eyeing $250 million, how big must its heart be
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GaslightGardener
· 13h ago
ETH has rebounded above 2000, and this position is alive again.
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QuietValidator
· 13h ago
18x leverage + 250 million scale, this volatility is beyond the reach of ordinary people.
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RetroRadio
· 13h ago
Matrixport's funds are still strong; every time they make a move, it's in the nine-figure range.
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OrigamiMountains
· 13h ago
The weekend staking didn't blow up; luck is also part of the skill.
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GoldfishUnderTheIce
· 13h ago
Four addresses distribute holdings across different locations, with very detailed risk control measures.
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