[‘CZ Counterparty’ Whale’s ETH Long Position Faces $26 Million Unrealized Loss, Becomes Hyperliquid’s Largest Long Holder]
On December 1, monitoring data showed that the ‘CZ Counterparty’ whale address (0x9ee) currently has an ETH long position on the Hyperliquid platform with an unrealized loss expanding to $18.32 million (-201%). The position size is approximately $149 million, with an average entry price of $3,201 and a liquidation price of $2,443. Additionally, the address holds an XRP long position with a position size of approximately $80.8 million, an average entry price of $2.29, and an unrealized loss of $8.11 million (-100%).
On November 2, this address had previously opened a 3x leveraged short position on ASTER after CZ’s purchase, becoming the largest holder of ASTER short positions. It later closed the position at breakeven on November 17 and switched to trading ETH long positions. On November 21, it faced partial liquidation, recording a $7.3 million loss. Currently, it is the largest holder of ETH and XRP long positions on the Hyperliquid platform.