Hyperliquid Whale: ETH Long Now Down $4.8M

Hyperliquid whale address 0x0392a716dbee1661ea781881826b928daeb5d7d9 opened an 8x long on 45,000 ETH at $2486.37 on August 31, building the third-largest single-coin position on the platform valued at $107 million.

The trade has flipped from a peak $5.054 million unrealized profit to a $4.8 million floating loss after the address sold 1500 ETH spot and added the $3.75 million proceeds as margin, pushing liquidation down to $2173.36 while funding fees already exceed $540,000.

With ETH price at $2408.8 on the 4h chart inside the Bollinger Bands between $2402.14 support and $2569.61 resistance, the bearish MACD death cross at -20.27 and EMA50 at $2481.53 acting as overhead resistance confirm downside pressure that leaves only $207 of buffer before the position faces forced liquidation.