Ethereum (ETH) Whales Suffer Massive Unrealized Losses on Hyperliquid Amid Escalating Market Volatility

COINOTAG News, December 2 — HyperInsight reports pronounced crypto market volatility as liquidity metrics on Hyperliquid show mixed outcomes for large holders, led by ETH and XRP exposure.

Sidekick Calvin has increased an ETH long to a notional around $7.7 million, with an unrealized loss near $120k. After yesterday’s liquidations, total drawdown neared $1.25 million and equity briefly dipped to roughly $110k.

The CZ Whale Counterparty records widening unrealized losses on its ETH long (~$146m notional, avg ~$3,201; unrealized -$21.22m) and an XRP long (~$78.5m, unrealized -$10.49m). This entity remains the top ETH and XRP long on Hyperliquid.

Hyperliquid‘s largest ZEC short has been reduced from $23.21m to $9.88m, with current unrealized profit of $2.20m. A separate HYPE listing insider position shows a -$11.20m unrealized loss, while a basket of low-cap altcoins carries about $4.90m in unrealized losses on $22.54m exposure, including FARTCOIN.

Ethereum (ETH) Whales Suffer Massive Unrealized Losses on Hyperliquid Amid Escalating Market Volatility

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