Hyperliquid ETH: Bit Entity Adds 33K Long Position

Bit-associated entity expanded its Hyperliquid ETH long to 33,000 tokens valued at $79.3 million, securing fifth-largest position status despite a $2.48 million floating loss after prior $55.095 million profits.

Price action at $2409.84 sits inside Bollinger Bands with lower support at $2403.47 and upper resistance at $2503.82; EMA50 at $2431.06 caps upside while EMA200 at $2194.08 anchors the broader structure, and MACD death cross at -8.1 plus RSI 39.39 confirm bearish momentum that tests leveraged longs yet leaves ample margin buffer for the well-capitalized holder.

Over the past six months similar oversized ETH positions on perpetual platforms have weathered comparable drawdowns before recovering, underscoring how ETH price prediction models must factor institutional wallet resilience amid ongoing crypto market volatility.