According to on-chain analyst Ember Monitoring, the largest long position on the Hyperliquid platform is currently facing a significant floating loss. Seven associated addresses hold long positions worth approximately $415 million, with unrealized losses reaching $91.46 million.
The position consists of 120,000 ETH (worth about $271 million) and 2,000 BTC (worth about $144 million). The average entry price for ETH is $2,261, and for BTC is $72,134. Despite the large floating loss, the actual leverage ratio is not excessively high—ETH liquidation price is around $1,160, and BTC liquidation price is approximately $47,000, providing a considerable buffer from current market prices.
Hyperliquid is a decentralized derivatives trading platform. On-chain data indicates that the largest long holder remains in position, and future price movements will directly impact the profitability of this trade.