Ethereum (ETH) Long Position Climbs to $13.35M Following 1M USDC Deposit Into Hyperliquid, Showing $280k Floating Profit

COINOTAG News, in its November 25 briefing, cites on-chain analyst Yu Jin noting a renewed long exposure by a prominent trader. The participant moved USDC worth 1 million into Hyperliquid and established long positions across ETH and HYPE, valued at approximately $13.35 million and $0.83 million respectively. The ETH long entry was registered at $2,883, with a defined liquidation price at $2,716, signaling a measured downside buffer within the risk framework. This aligns with ongoing on-chain activity monitored by market analytics.

As of the latest mark, the long position shows a floating profit near $280,000, reflecting a favorable mark-to-market move. The maneuver underscores sustained demand for crypto liquidity, with attention to margin requirements and platform risk controls. For investors, the setup suggests a cautious appetite for ETH exposure amid ongoing price volatility.