Gate News message, April 28 — According to Hyperinsight monitoring, a major Ethereum long position holder (0x535) on the Hyperliquid platform is the closest to liquidation among all million-dollar-scale whales on the exchange, with a liquidation line just $50 away from the current price.
The whale currently holds approximately $22.8 million in ETH long positions with a liquidation price of $2,237, facing unrealized losses of roughly $390,000 (-43.7%). The address also maintains long positions in BTC, HYPE, and other assets. If the market continues to decline, liquidation prices across all positions will rise proportionally.
In comparison, Ethereum's second-largest long holder, known as "Magic" (Huang Licheng), has an ETH long liquidation price of $2,215 with $35.68 million in holdings, plus an additional $42.7 million in BTC long positions. Both whales face the risk of cascading liquidation line adjustments should the market trend downward.
