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Hyperliquid Whale Holds $13.2M BTC Position Down $3.94M, 12x Initial Capital Loss Since Oct 11 Bottom

GateNews

2026-05-18 05:02:32

BTC-1.8%

According to Hyperinsight tracking, address 0x860 on Hyperliquid has become the largest loss-holding whale among long BTC traders on the platform. The whale entered the market 220 days ago following the October 11 crash, opening a 29x leveraged position with an average price of $109,632 and position size of $13.2 million.

As of May 18, the position remains unrealized loss of $3.94 million, equivalent to 12 times the initial capital, without ever closing since BTC fell below the entry price on October 30. Based on the address’s estimated overall capital, the $13.2M position corresponds to a 1.1x leverage ratio yet has eroded approximately 30% of the account’s total funds.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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