Ethereum Whale Adds $5.74M Margin to Avoid Liquidation on Hyperliquid Amid $51.5M Unrealized Loss

According to Hyperinsight, on June 3 during this morning, a major Ethereum long position holder associated with BIT (formerly Matrixport) on Hyperliquid faced significant losses as ETH declined toward $1,800. The account's unrealized losses peaked at $51.5 million, narrowing to $47.5 million by market check time. To prevent liquidation, the whale added approximately $5.74 million in margin across three addresses over the past 6 hours, lowering its liquidation price from $1,716 to $1,573.

The entity currently holds 120,000 ETH (approximately $224 million) on Hyperliquid with an 18x weighted leverage and an average entry price of around $2,270.