Hyperliquid Whale: $47M Loss on 120K ETH Longs

Hyperliquid largest ETH long holder now sits on a $47 million unrealized loss after opening 120,000 ETH longs at a $2,261 average entry for a $271 million position.

ETH price has fallen to $1,870, leaving the position roughly $250 from the nearest liquidation band between $1,617 and $1,355; the same trader booked $68.47 million profit on prior longs just weeks earlier.

Price action on the 4h chart shows ETH testing the lower Bollinger Band support at $1,878.43 while RSI(14) at 23.17 signals deep oversold conditions and MACD remains locked in a bearish death cross at -34.29, with both EMA50 at $2,010.87 and EMA200 at $2,147.37 acting as firm overhead resistance that must be reclaimed before any sustained recovery.