Hyperliquid Whale Establishes $151 Million Leveraged Ether Long at $2,538

A whale trader on decentralized exchange Hyperliquid has built an 8x leveraged Ether long position valued at roughly $151 million with an entry near $2,538. This position anchors the platform's largest cluster of net long contracts, which faces a key liquidation price at $2,460.8. At the time of observation, Ethereum was trading between $2,662 and $2,683, leaving about 21% of cluster positions underwater. Nearby overhead includes a $111 million long entered at $2,693.9, while counter-trend exposure is led by a $278 million short positioned near $2,304.