ETH Long Whale Forced to Liquidate After Holding for Two Months, $120 Million Position Ends in $9.63 Million Loss
On February 9th, on-chain data from HyperInsight (tracked via
its Telegram channel) shows an Ethereum (ETH) whale (address 0xa5b…) closed a ~2-month long position, incurring a loss of ~$9.63 million.
The position was opened late last year with 60,040 ETH (peak value ~$125M, average entry ~$2,500). Despite multiple dollar-cost averaging (DCA) attempts, the address faced a floating loss of over $24M on Feb 6—nearing its liquidation threshold.
With the recent market rebound, the whale opted to close temporarily to cut losses. Post-closure, it re-entered with a new 15x-leveraged ETH short position (average entry ~$2,086, current size ~$28.6M). As of press time, the whale is still ramping up the position, with ~$34.8M in remaining account collateral.
7 minutes ago
Tencent Finance: Yiren Hua appeared in Causeway Bay on the 6th with no abnormalities, and on the same day a certain Hong Kong fund entered the market to buy the dip
**Crypto Collapse: Chinese Vet Eryi Hua Loses $700M in a Week, Dumps 440k ETH – Tencent Finance**
A Feb. 9 article from Tencent Finance’s "DeepTech" reports that Chinese crypto veteran Eryi Hua—targeted in the latest market plunge—lost $700 million in just one week.
Initially, he considered holding on: In the first four days of February, he sold only ~190,000 Ethereum (ETH) and paused selling on Feb. 5, still holding 460,000 ETH. On Feb. 4, he posted, "I’m bullish on this bull market—now’s the best time to buy spot."
Three days later, he abandoned that stance. On Feb. 6, he reportedly decided to stop resisting, dumping his remaining 440,000 ETH in one go—nearly 60,000 of which sold between 9pm and midnight that night. Eyewitnesses said he was spotted near Hong Kong’s Causeway Bay on Feb. 6, staying until ~10pm with no unusual behavior, while his team executed accelerated liquidations.
Sources add a Hong Kong-based fund began bottom-fishing on Feb. 6 (exact size unknown). Mo
7 minutes ago
Loracle profited $11.5 million in a week and multiplied assets by six in a month, now holding the title of both the largest on-chain HYPE long and the largest BTC short.
On February 9, data from Coinbob Popular Address Monitor reveals that the on-chain HYPE whale holding the largest long position—identified as "Hyperliquid early contributor Loracle"—has netted approximately $11.5 million in profit over the past week. The strategy driving these gains combines **continuous HYPE longs** with **intraday swing trades of BTC and ETH**.
In less than a month, the account’s balance has surged from under $7 million to roughly $41.1 million (a nearly 6x increase), with only one large $7.44 million capital inflow during this period.
### Key Details:
- **Current Positions**: The address is both the largest HYPE long and largest BTC short on Hyperliquid. Its playbook: long-term HYPE holdings + swing trading BTC/ETH.
- **Recent Trades**: Last weekend, 4 swing trades in 2 days:
1. $6.37 million profit from BTC/ETH shorts;
2. Reversed to longs, adding $3.82 million more gains.
Overnight and this morning, it opened new BTC/ETH shorts to continue th
7 minutes ago
Spot Silver Soars 5.00% Intraday, Guotai Silver ETF Resumes Trading from Limit Down and Surges 6.26%
February 9th:
- Bitget market data shows spot silver surged 5.00% intraday, last trading at $81.72 per ounce.
- Guotai Silver LOF, an A-share commodity futures-themed fund, resumed trading today after hitting the lower limit—only to reverse course and surge, now up 6.26% at 3.293 yuan.
7 minutes ago
Biden Adviser Suggests Holding Walsh Confirmation Hearing Alongside Powell Probe
On February 9, U.S. Treasury Secretary Janet Yellen proposed holding the confirmation hearing for Wall’s Federal Reserve nomination concurrently with the investigation into current Fed Chair Jerome Powell.
Earlier, Republican Senator Thom Tillis stated he intends to delay the selection of the next Fed chair until the Department of Justice (DOJ) concludes its probe into Powell. Though Tillis supports Wall’s appointment as Fed chair, as a member of the Senate Banking Committee, he has repeatedly vowed to block the nomination until the DOJ uncovers the full truth to uphold the Fed’s independence.
Tillis’s vote is critical: Republicans hold 13 of the 24 seats on the Senate Banking Committee, and they could unite to confirm Wall’s nomination. But with Tillis defecting, a tie vote is possible.
7 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
