Trader Long Loyalist Places $20 Million ETH Buy Order, Holds $4.63 Million Unrealized Loss

Trader Long Loyalist placed an ETH buy order worth about $20 million and has $4.63 million in unrealized losses across 39 positions. According to Odaily, Onchain Lens reported that the trader deposited 4.9 million USDC into Hyperliquid about one hour earlier and placed an order for 9,630 ETH. The trader currently holds a 4,860 ETH long position and has accumulated $4.29 million in lifetime losses.