Whale Reduces Long ETH Position by 12,003.10 ETH on Hyperliquid, Cutting $36.9M Exposure

On July 14, HyperInsight data revealed a notable adjustment by the wallet address beginning with 0x4a2, which trimmed its long Ethereum (ETH) exposure on the Hyperliquid platform. The position was reduced by 12,003.10 ETH, translating to a decrease in position value of approximately $36.96 million. Currently, the trader maintains a 25x leveraged long ETH position valued at $21.23 million, with an entry price set at $2,990. Despite the reduction, the position reflects an unrealized gain of $301,000, underscoring the ongoing volatility and strategic portfolio management within the crypto derivatives market.