Hyperliquid Accounts Add $15.9 Million in Ether Longs, Lift Exposure to $382 Million

Two Hyperliquid accounts believed to be part of the same trading group added about $15.9 million in Ether (ETH) long positions on Oct. 21, bringing the suspected group’s combined Ether and Bitcoin (BTC) exposure to about $382 million.

The accounts, with addresses beginning 0x77dd and 0x0392, expanded their ETH positions over a two-hour span at an average price of $2,453.50. Two other addresses considered part of the group made no position changes that day.

Across the four accounts, ETH long positions covered 109,161.92 coins and were valued at about $268 million. BTC longs covered 1,373.60 coins and were worth about $115 million. The figures describe contract exposure rather than spot coin balances.

At the snapshot, the ETH positions carried an unrealized loss of about $9.69 million, with a weighted average entry price of $2,543.57. An unrealized gain of about $1.48 million on BTC reduced the combined paper loss to about $8.21 million.

The accounts had about $43.63 million in equity, putting their total exposure at roughly 8.77 times equity. Estimated liquidation prices for the two accounts that added ETH were $2,254.71 and $2,224.81, compared with an ETH mark price of $2,454.80 at the same snapshot.