「Whale Buddy」 ETH Long Position Liquidated Again, Total Losses Exceed $78 million

According to LookOnChain data, whale trader "pension-usdt.eth" closed its nearly two-month ETH short position on May 28 for a $1.13 million profit, turning a prior losing trade into a winning one. Additionally, the whale still holds a long position of 1,000 BTC valued at $73 million, which is currently sitting on an unrealized loss of $4.98 million.

May 28: Per monitoring by Hyperinsight (t.me/HyperInsight), as the ETH price dropped below $2,000, the largest ETH long position on Hyperliquid—operated by the so-called "BIT Whale"—suffered massive unrealized losses across four linked addresses, totaling $33.86 million. Calculated from its initial investment of approximately $16.5 million, this unrealized loss has now exceeded twice the original capital. Currently, this whale holds a long position of 120,000 ETH (valued at roughly $237 million) on Hyperliquid, with an overall weighted leverage of about 18x. Based on the weighted average entry price of funds across its addresses, the group’s average entry point sits around $2,270, and its most recent liquidation threshold stands at $1,716. It is reported that these addresses belong to BIT, a digital financial services group formerly known as Matrixport. The group received multiple internal fund transfers for these positions and previously took billions in ETH long positions, netting

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