Data: The largest on-chain ETH long position of $252 million is still under pressure, with an unrealized loss of $19.3 million

According to monitoring by Hyperinsight, the largest on-chain ETH bull "BIT associated whale" with a position of $252 million is still in a significant loss state. Over the weekend, the ETH price briefly retraced to around $2000, causing the whale's unrealized loss to expand to $27.2 million. As of the time of writing, due to a slight rebound in the market, the unrealized loss has narrowed to $19.3 million.

Currently, this whale has diversified its position across four addresses on Hyperliquid, with a total long position of 120,000 ETH and an overall weighted leverage of about 18 times. Based on the weighted calculation of the capital proportion of each address, the average entry price is approximately $2270. It is reported that this address belongs to the digital financial services group BIT (formerly Matrixport), which has repeatedly received fund transfers from its own accounts and previously took long positions in ETH on a scale of hundreds of millions, with profits exceeding $50 million.