Hyperliquid Whale Opens $60.7 Million Ethereum Long Position Amid Crypto Market Volatility

A prominent crypto whale on decentralized platform Hyperliquid has opened a 24,000 Ether (ETH) long position valued at roughly $60.7 million, yielding about $2.6 million in unrealized profit. The trader, operating across four wallets created four months ago, entered near $2,420 after previously logging $29.75 million in realized profits across 14 wins out of 15 trades. The move occurred alongside $688.56 million in broader crypto derivative liquidations and a 10-day streak of US spot Ethereum ETF outflows totaling $782.6 million, as ETH traded around $2,526, down over 6% over seven days.