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BIT-Linked Whale's $247M ETH Long Falls Underwater, Down $13.08M From Weekly Peak

Derivatives Data ethereum news

2026-05-14 04:41:39

ETH-0.03%

LONG-4.48%

According to BlockBeats, on May 14, a whale associated with digital finance group BIT saw its $247 million ETH long position on Hyperliquid fall underwater, with floating losses expanding to $2.75 million. The whale deployed 1.1 million ETH across four addresses with approximately 18x combined leverage and an average entry price of $2,271. From the weekly high, the whale's position has retreated approximately $13.08 million, with funding rate settlements accounting for roughly $760,000 in losses, per Hyperinsight monitoring.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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