Hyperliquid Whale: $16.52M ETH Float Profit

Hyperliquid address 0xde8d9e530b0528ffa7b1190f862536c055dd9524 now holds the largest unrealized profit on $ETH positions at $16.52 million, built from mid-August entries at $2,134.45 for a 407.96% return on the current 30,282.4 ETH stake valued near $81.96 million.

Price action at $2,683.31 sits almost exactly on the EMA50 at $2,684.78 with the EMA200 at $2,559.88 providing deeper support, while the MACD death cross at -0.66 keeps the 4h structure bearish and RSI at 47.95 leaves room before overbought conditions. The position trades inside the Bollinger band with upper resistance at $2,736.69 and lower support at $2,650.83, suggesting any push toward the $4,000 limit sell will likely encounter volatility exhaustion first at the upper band before a healthy retracement tests the 50-EMA confluence.