Hyperliquid Whale Expands Ether Long Position to $26.8 Million Amid Mixed Derivatives Positioning

Large derivatives traders on Hyperliquid showed contrasting high-conviction positions in Ether on October 18. A whale address expanded its leveraged long exposure by adding 6,316 ETH worth roughly $15.22 million at an average price of $2,410, lifting its total Ethereum long position to 11,118 ETH valued at $26.8 million across 6x leverage. The same address held a combined crypto long exposure of approximately $109 million, including 1,003 BTC. Earlier that day, on-chain data showed another prominent wallet held a 10,046.13 ETH short position worth $24.23 million as Ether traded near $2,412.10, slightly up from 10,032.42 ETH on October 11.