Crypto whale loses millions in profit: how long positions turned into a disaster

A tragic story has been uncovered on the Ethereum chain involving a large trader whose successful strategy suddenly turned against him. According to monitoring data discovered by analysts, this whale’s address shows a dramatic decline in profitability over recent times.

Details of the large player’s positions

The whale holds two main assets in long positions. First, 59,733 ETH, which are currently valued at approximately $188 million ( considering the current Ethereum price of $3.15K). The liquidation levels are set at $2,807 and $2,729, providing a safety cushion but still insufficient for comfortable trading.

Second, the trader has a position with 565,557 HYPE (Hyperliquid), worth about $14.2 million at the current price of $25.03. This position has a liquidation price at $22.20, indicating high risk.

Catastrophic decline of wealth

The most alarming part of the story is the reduction in profit. Just a few months ago, this address had an unrealized profit of nearly $100 million. However, now the figure has dropped to $11.4 million — a decline of about 88% from the peak.

This turn of events demonstrates the volatility of the crypto market and the risks associated with large long positions, especially when dealing with less liquid assets like HYPE. Ethereum positions remain more stable, but the entire portfolio has still suffered significant valuation correction.

Conclusions for other traders

This case serves as a reminder of the importance of diversification and risk management. Even major market players can suffer substantial losses when market conditions change unfavorably. Positions that require constant monitoring and readiness for quick adjustments remain the most vulnerable.