Hyperliquid whale stays long VIRTUAL at 1x leverage with about $2.4 million in unrealized losses

Hyperliquid whale stays long VIRTUAL at 1x leverage with about $2.4 million in unrealized losses

N
News Editor
2026-10-05 09:36:39
A whale address on Hyperliquid, identified as 0x0afb, is still holding a large long position in VIRTUAL, according to TradingBeats. The position is set at 1x leverage, with an average entry price of about $2.07. At current levels, the address is sitting on an unrealized loss of roughly $2.4 million, while the position return stands near -57%. TradingBeats said the whale opened the VIRTUAL long on May 12, 2025 and has continued to hold it since then. That puts the holding period at close to 17 months. On Hyperliquid, the VIRTUAL perpetual contract was last quoted at about $0.88. The contract was up around 11% over the past 24 hours, but it still remained about 57% below the whale's average entry price. The data points to a long-held position that has not recovered to breakeven despite the latest daily gain.

BlockBeats reported on Oct. 5 that, according to TradingBeats monitoring, Hyperliquid whale address 0x0afb is still holding a large long position in VIRTUAL.

The position is using 1x leverage, with an average entry price of about $2.07. Its unrealized loss is currently around $2.4 million, and the position return is about -57%.

The position has been held for nearly 17 months

TradingBeats said the address opened the VIRTUAL long on May 12, 2025 and has continued to hold it since then, bringing the holding period to close to 17 months.

VIRTUAL remains below the whale's entry price

On Hyperliquid, the VIRTUAL perpetual contract was last quoted at about $0.88. It was up around 11% over the past 24 hours, but it still traded about 57% below the address's average entry price.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
4100

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.