On March 4th, per official data from Hyperliquid (https://app.hyperliquid.xyz/join/NTOD), Bitcoin (BTC) hit a low of $66,000 at 11 PM yesterday before rebounding. It is currently trading at $68,640, marking a 3.9% gain in that period. Ethereum (ETH), meanwhile, saw a smaller increase. Per monitoring by Hyperinsight (https://t.me/HyperInsight), the largest long positions for both ETH and BTC on the platform belong to the same “ETH Whale” address (0xa5b0), with a total position size of $183 million. Its BTC long position ($47.7 million) is now profitable, while its ETH long position ($139 million) needs ETH to rise ~0.2% to break even — its current unrealized loss is ~$170,000. Additionally, this address has received multiple fund transfers from Matrixport. Another suspected associated address (0x6C8) holds ~$99.5 million in ETH long positions, with an unrealized loss of $1.1 million.
