ETH Remains the Largest Long Position Despite ~$39.4M Unrealized Losses, Led by BTC OG Insider Whale on Hyperliquid

As of December 31, Coinbob’s Popular Address Monitoring shows an ETH-led whale cohort with unrealized losses. The ETH long sits at about $34.2 million in losses, avg entry $3,147, and a $605 million stake, while BTC and SOL longs push total exposure toward $758 million on Hyperliquid.

CZ Counterparty reports an ETH long with $11.9 million unrealized loss on $169 million exposure. An XRP long (~$73.1 million) carries $15.9 million unrealized loss, with no weekly adjustments; total unrealized loss sits at $27.6 million, the largest XRP long and second-largest ETH long on Hyperliquid.

Pension-usdt.eth trimmed ETH short and exited near $2.51 million after reducing exposure from about $88.3 million.

Ultimate Bear opened a new LIT short at $3.03 (60,000 LIT, ~$150k; avg $2.80; liquidation $3.90) with a BTC take-profit near $75,100. Shitcoin Air Force Vanguard trimmed ZEC and PUMP shorts by 43.3% and opened a LIT short near $2.82 (≈25,000 LIT, ~$660k), still adding.