Whale Raises ETH Long to $3.92B (86,800 ETH) at $4,608 Entry — Liquidation $4,342, $8M Floating Loss

COINOTAG reported on August 28 that on-chain data analyst Yu Jin tracked a whale address which sold HYPE before establishing a sizeable ETH long position. According to the monitoring, this address has been steadily increasing its exposure over the past two days, as visible in transaction and position data on-chain.

Current on-chain metrics list the ETH long position at approximately $3.92 billion (around 86,800 ETH), with an entry price of $4,608 and a liquidation level set at $4,342. The position is reported to be at a floating loss near $8 million, data that market participants can reference for objective risk analysis.