Ethereum (ETH) Whales Ramp Up Longs and Shorts as Liquidation Risk Mounts, Hyperliquid Data Shows

According to HyperInsight, select crypto whales continued net accumulation, led by the BTC OG Insider Whale boosting ETH exposure to about $3.92 billion in notional long. Unrealized gains on ETH sit near $10.5 million, with an average entry around $3,177 and new longs added at $3,362 and $3,280 near the $3,201 liquidation level.

Huang Licheng (‘Buddy’) carries an ETH long near $3,201, roughly $36.3 million, with about $110k unrealized profit. He trimmed select ETH longs overnight to lower risk; CZ‘s Counterparty holds a $172 million ETH long (36 days) with $3.39 million unrealized profit and a XRP long around $78.5 million with a $10.57 million unrealized loss (-134%).

Hyperliquid’s Largest ZEC Short remains active, with ETH short around $70.7 million and $5.1 million unrealized profit (108%), avg $3,502; ZEC short near $20.7 million with a $270k unrealized loss (-5%), avg $387. In related moves, the HYPE listing long sits around $39.8 million with a $13.6 million unrealized loss (-170%), while Calm Short Opener closed ZEC and SOL shorts and opened a new SOL short, lifting available funds to roughly $350k and a $4.54 million position.