Hyperliquid's Largest Long Address Turns Unprofitable With $3.39 Million Unrealized Loss

According to Foresight News, Hyperliquid's largest long address, which holds $233 million in long positions, has moved from profit to loss and is now sitting on an unrealized loss of $3.39 million. The address previously closed $537 million in long positions on August 25 for a profit of $61.72 million, then reopened longs starting on August 28. It currently holds 1,400 BTC with an average long entry price of $78,672 and an unrealized loss of $1.94 million, as well as 50,000 ETH with an average long entry price of $2,469 and an unrealized loss of $1.45 million. The address's previous long position opened in May was underwater for three months, at one point showing an unrealized loss of $120 million before recovering by August and generating a profit of $61.72 million.