Bitcoin Whale on Hyperliquid Holds $41.41M BTC Long Since March, Facing $8.71M Floating Loss and $1.55M Funding Fees

According to HyperInsight as of November 20, a BTC whale identified as 0x8af has held a Bitcoin long position since March, with exposure near $41.41 million. The average entry price sits around $11,130 per BTC, signaling a tilt toward longer-term cycles within a risk-managed crypto portfolio. This stance reflects disciplined conviction amid market volatility.

The position shows a floating loss of about $8.71 million, roughly -842%. When including the funding-fee settlement, the total rises to about $1.55 million, surpassing the current principal of roughly $1.034 million. The initial entry price was near $82,000, and the position has been rolled forward, indicating ongoing risk management on Hyperliquid.

Among BTC holders above $10 million on Hyperliquid, this whale features the highest floating-loss rate, illustrating the risk profile of large long bets and funding costs. The data highlight how macro exposures can diverge from mark-to-market performance, underscoring the credibility of traceable funding activity.