"Still as a mountain" Whale closed positions on ETH and HYPE long orders within three hours, reducing holdings by 18.8 million dollars.

According to BlockBeats news on October 20, monitoring by HyperInsight reveals that in the past three hours, a Whale address starting with “0x88b” has significantly closed positions on ETH and HYPE long orders during today's market pullback. A total of 3,858 ETH long positions and 89,000 HYPE long positions were reduced, with the notional value of holdings decreasing by approximately $18.8 million, and the weekly losses narrowing from $5.8 million to $1.9 million. The current total value of holdings at this address is approximately $55.6 million. It is reported that this address previously chased rising prices on BTC at an average price of about $118,000 with 40x leverage, and the current position has unrealized losses of over 252%, amounting to about $2.48 million. Its long positions in SOL, HYPE, ETH, etc., were also trapped at high levels, and there are still unrealized losses of $3.16 million.