Ethereum (ETH) Whales Flip Losses to Gains as Major Longs Grow and Suspected XPL Insider Trades Surface — HyperInsight Update

According to HyperInsight on December 4, the crypto market has warmed, with whales converting losses into gains and expanding unrealized profits. The XPL Insider Trading whale re-entered after a 10-day pause, adding long exposure as momentum firmed. ETH longs near $29.46M; HYPE around $3.41M, with gains of $2.03M (171%) and $0.14M (43%).

Notably, CZ Contrarian has shifted ETH from loss to gain, about $0.46M unrealized. ETH exposure sits near $168M at ~$3,201 average. The trader also holds XRP long (~$85.38M) with a ~$3.63M unrealized loss (-42%), the largest ETH/XRP long on Hyperliquid. The Largest ZEC Short has continued accumulating, with ETH short near $48.72M and $5.5M unrealized gain; ZEC short near $10.12M and $2.01M unrealized gain (99%).

XPL activity shows the account at about $23.98M, opening 5x ETH and 7x SOL longs totaling $6.19M. James Wynn launched a 40x BTC long two days ago, with a $0.24M unrealized gain on a $2.88M stake.