ETH Whale Liquidations Surge: 3858 ETH and 89,000 HYPE Long Positions Closed, About $18.8M Loss Amid Market Pullback

COINOTAG News, Oct 20 — HyperInsight data show a whale address, starting 0x88b, triggering a round of long liquidations in ETH and HYPE during today’s pullback. The entity closed 3,858 ETH longs and 89,000 HYPE longs, cutting about $18.8 million of nominal exposure. Weekly losses narrowed from roughly $5.8 million to $1.9 million, with total holdings near $55.6 million. The same address previously went long on BTC around $11,800 with 40x leverage, now down over 252% (~$2.48 million). Additional long bets in SOL, HYPE, and ETH sit at higher prices with unrealized losses of about $3.16 million.

From a risk-management lens, the moves underscore leverage risk in large wallets during pullbacks. Monitor net position shifts and liquidity across ETH, HYPE, and SOL to contextualize near-term volatility.