Ethereum Whale’s Strong Long ETH Position at $600k Loss with $71.75M Notional, Now Second-Largest ETH Long on Hyperliquid

According to HyperInsight data released on November 3, the prominent ETH long position tracked by the ‘Strong Long ETH‘ whale, address 0xb9f, is currently showing a floating loss of about $600,000 (roughly 20%) with an average entry price near $3,741. The position’s notional exposure stands around $71.8 million, ranking second in Hyperliquid‘s ETH contract long listings, underscoring sizable liquidity participation in the ETH market.

Since the October 11 flash crash bottomed ETH near $3,696, the holder has continued to roll the position, maintaining the long exposure for more than 23 days. The notional value remains approximately $71.75 million, reflecting persistent liquidity in the ETH contract market.

Unrealized gains once exceeded 300%, but the position has swung to a loss and remains open. This dynamic highlights risk-management considerations in the crypto market and demonstrates how whale-level exposure can influence price discovery without implying an imminent directional move.