A whale or institutional address is holding roughly $352 million worth of long positions in Bitcoin and Ethereum on Hyperliquid, according to on-chain tracker EmberCN. The address recently deposited margin into three separate addresses and is now tied to positions totaling 1,140 BTC and 98,090 ETH. EmberCN said the trades were opened around half a month ago, with the average entry for the BTC long at about $82,205 and the ETH long at about $2,604. Based on the latest tracked figures, the combined position is currently showing an unrealized profit of about $2.66 million. The update was cited by BlockBeats on Oct. 7.
BlockBeats reported on Oct. 7 that, according to EmberCN monitoring, a whale or institutional address recently deposited margin into three addresses and is holding BTC and ETH long positions worth about $352 million on Hyperliquid.
The position includes 1,140 BTC and 98,090 ETH. EmberCN said the longs were opened around half a month ago, with the BTC long built at an average entry price of about $82,205 and the ETH long at about $2,604.
At the latest tracked level, the combined position is showing an unrealized profit of about $2.66 million.
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