Hyperliquid's ETH maximum long position unrealized loss is $33.86 million, already losing more than twice the principal of the position.

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Deep Tide TechFlow News, May 28th, according to Hyperinsight monitoring, ETH price once retreated to around $2,000, Hyperliquid's largest long position "BIT-related whale" under four addresses all lost money simultaneously, with a total unrealized loss of $33.86 million. Based on its initial capital of approximately $16.5 million, the current unrealized loss has exceeded twice the position's principal.

Currently, the whale is diversely deploying on Hyperliquid, holding a total of 120k ETH (about $237 million), with an overall weighted leverage of approximately 18 times. Based on the fund proportion of each address, its average entry price is about $2,270, with the recent liquidation line for the four addresses at $1,716.

It is reported that this address belongs to the digital financial services group BIT (formerly Matrixport), which has received multiple fund transfers from its accounts before, previously long ETH with billions of dollars, earning over $50 million.

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