Whale liquidates ETH and HYPE long positions within three hours, reducing holdings by $18.8 million

According to ChainCatcher, monitored by HyperInsight, in the past three hours, the whale address starting with "0x88b" has closed a large number of ETH and HYPE long positions during the market pullback. In total, the address reduced 3,858 ETH long positions and 89,000 HYPE long positions, with the notional value of holdings decreasing by approximately $18.8 million. The weekly loss narrowed from $5.8 million to $1.9 million. The current total value of holdings at this address is about $55.6 million.

It is reported that this address once chased BTC longs at an average price of about $118,000 with 40x leverage, and the current floating loss on this position exceeds 252%, equivalent to about $2.48 million. Its SOL, HYPE, and ETH long positions were also trapped at high levels, and there is still a floating loss of $3.16 million.