Ether Whale Reloads Leveraged Longs Following $69.7 Million Liquidation on Hyperliquid

A prominent crypto whale maintains roughly $288 million in long exposure across Ether and Bitcoin after suffering a $69.69 million liquidation on Hyperliquid. The forced closure occurred when Ether dropped to $2,420, liquidating 28,716 ETH for a realized loss of $4.48 million. Approximately 30 minutes later, the trader deposited $10 million in USDC margin to buy 9,580 ETH at $2,428. The whale now holds nearly 79,000 ETH worth around $195 million alongside 1,140 BTC, facing updated downside liquidation thresholds between $2,286 and $2,299.