Largest Unrealized ETH Loss on Hyperliquid Sits With a 13x Long Carrying $9.493M Deficit
Per Binance citing Odaily, a 13x ETH long on Hyperliquid holds about 40,268.75 ETH worth roughly $97 million and shows a $9.493 million unrealized loss.
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what happened
Binance, citing Odaily, reports that a single address with a 13x leveraged ETH long now carries the biggest unrealized deficit among ether positions on Hyperliquid, at $9.493 million. On-chain analyst Ai Yi noted the trade was opened on September 21 and that the holder has since trimmed 8,250 ETH, locking in a $2.277 million loss.
The wallet still controls 40,268.75 ETH, roughly $97 million in value. Its average entry is $2,646.05 and the liquidation level sits at $2,290.99, leaving $116.51 of room before forced closure, according to the report.
why it matters
Heavily leveraged positions on decentralized venues can amplify ETH swings, because forced liquidations turn into market sell orders once price reaches the trigger. Traders often treat concentrated losses like this as a gauge of derivatives risk and sentiment, though such data alone does not indicate where prices will head.
market impact
ETH: forced liquidations near the trigger level could add selling pressure on the asset
tags
instruments
sources
- ETH Address Holding About $97 Million Faces $9.493 Million Loss on 13x Long — binance.com, 18 October 2026 at 02:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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