Hyperliquid’s Whales Hold $415M Long Positions in ETH/BTC; Market Decline Pushes Unrealized Losses Close to $91.46M

TechFlow News, June 23: According to on-chain analyst Yu Jin (@EmberCN), the largest long position holder on Hyperliquid holds $415 million worth of long positions across seven addresses. This includes 120,000 ETH (approximately $271 million, with an average entry price of $2,261) and 2,000 BTC (approximately $144 million, with an average entry price of $72,134). Amid recent price declines, the current unrealized loss has reached $91.46 million—nearing $100 million. Due to relatively low actual leverage, there is currently no liquidation risk: the ETH liquidation price is approximately $1,160, and the BTC liquidation price is approximately $47,000.