COINOTAG News reports, citing Hyperinsight monitoring, that a trader nicknamed “buddy” has trimmed 600 ETH long positions over the last three hours, leaving 6,426 ETH on the books. At current valuations, the stake equates to roughly $19.42 million, with an unrealized profit around $267,000 and a liquidation price near $2,850 per ETH. The account also carries 60,000 HYPE long positions, worth about $1.5 million.
From a risk-management perspective, the move signals tactical rebalancing rather than a definitive directional bet. The combined long exposure remains substantial, given the embedded hedges and the liquidity profile reported by COINOTAG News. Traders watching these indicators should monitor price action around the $2,850 liquidation threshold and evolving funding dynamics to gauge potential near-term volatility.
Source: https://en.coinotag.com/breakingnews/eth-long-positions-dip-by-600-as-holder-retains-6426-eth-19-42m-and-60000-hype
