Ethereum whales move again: $127 million bottom-fishing, total holdings surpass $449 million

YieldWhisperer · 2026-01-17T00:36:12+00:00

On the Hyperliquid platform, a large ETH long position holder opened a $127 million long position as the market declined, bringing the total position to $449 million. Although the unrealized loss reached $3.39 million, this move demonstrates confidence in the rebound of Ethereum and Bitcoin, which is worth ongoing attention.

YieldWhisperer

2026-01-17 00:36:12

Abstract generation in progress

【ChainNews】The recent actions of the ETH long whale on the Hyperliquid platform are quite interesting. According to on-chain data monitoring, this TOP2 level address took advantage of the recent decline last night and opened a $127 million long position in one go. Now, the total position of this address has expanded to $449 million.

The downward trend last night directly triggered all their limit buy orders, purchasing a total of 9890.76 ETH and 1018.97 BTC. However, the cost was significant, with unrealized losses expanding to $3.39 million. It’s clear that this whale is betting on a rebound for Ethereum and Bitcoin later on.

Such large-scale position building usually reflects institutional or experienced traders’ optimism about the market’s future, but short-term unrealized losses also indicate ongoing market volatility. It’s worth continuing to observe this address’s next moves.

ETH-0,05%

BTC-0,08%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes