Hyperliquid Whale: ETH Long Tops $100M Below $2500

Hyperliquid whale address 0x0392a716dbee1661ea781881826b928daeb5d7d9 added 3.73 million USDC margin overnight and scaled its ETH long by another 28,300 tokens, pushing the position to 45,000 ETH and lifting notional value above $100 million while the token traded below $2500.

The move makes the address the second-largest ETH long holder on the platform with a current unrealized loss of $3.114 million. On the 4-hour chart price sits at $2419.78 inside the Bollinger Bands, testing the upper resistance at $2517 while the EMA50 at $2421.82 acts as immediate resistance and the EMA200 at $2165.13 remains the deeper support; MACD death cross at -3.07 keeps the structure bearish and RSI at 41.4 shows room before oversold conditions develop, suggesting any bounce may stall at the 50-EMA before retesting lower band support near $2403.