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As of 1:00 AM today, HyperInsight monitoring shows a long ETH stance reversal by a known Ethereum whale (address 0xb9f). The current exposure totals about $43.74 million, with an average entry price near $3,432 and an unrealized loss around $660,000, roughly 40% of the position. The ETH short exposure opened overnight has been fully closed, realizing about a $1.38 million loss. This sequence highlights ongoing risk-management dynamics in large-cap ETH positioning and the potential impact on near-term liquidity indicators in the crypto market.
Previously, the same address closed a long ETH position held for more than 34 days, booking a $2.04 million drawdown in the early hours yesterday, despite peak profitability briefly exceeding $6 million (about 300%). The account had ranked second on the Hyperliquid ETH contract long list before briefly shifting to an ETH short position, illustrating how capital allocation among crypto whales can swing market sentiment and liquidity metrics.
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