On-chain silver's largest long position recovers after a week of losses, building positions today and betting on silver's big rise, with unrealized gains of 36%

HYPE-6,76%
ZEC-3,71%

BlockBeats News, February 25 — According to Coinbob’s popular address monitoring, a whale starting with 0x535 opened a long position on SILVER (Silver mapping contract) at 8 a.m. today, just before the silver price surged significantly. They used 20x leverage to open the position at approximately $87. Subsequently, through rolling over positions, they increased their holdings to $4.08 million, making it the largest long position on SILVER on the Hyperliquid platform. Due to gradual rolling, the average entry price rose to $88, with a current floating return of 36%, and a liquidation price of $85.

In the past week, this address repeatedly experienced losses on long positions in silver, HYPE, ZEC, and others, with a weekly total loss of $1.41 million. Today, for the first time, they successfully predicted an intraday rise in silver, realizing a floating profit.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Whale reduces 2,700 ETH long positions, keeping 5,000 ahead of the new liquidation threshold

An ETH whale has closed 2,700 long positions worth $5.54 million to avoid liquidation, reflecting significant market pressure. This move indicates a defensive strategy amid Ethereum's volatility, with a new liquidation price set at $2,031.52. Market sentiment remains cautious.

TapChiBitcoin3m ago

Why is the crypto market down today? Trump’s tough remarks sparked a wave of selling, and Bitcoin is approaching the key $65,000 support level

April 2, 2026, the total market capitalization of the cryptocurrency market fell 2.6%. Bitcoin dropped to $66,250, Ethereum is nearing $2,000, and major assets generally pulled back. Due to Trump making tough remarks about the Iran situation, risk-off sentiment intensified in the market, and funds are taking a wait-and-see stance in the short term. High interest rates and geopolitical risk together are weighing on prices; going forward, attention will be on developments in the Middle East and changes in macro liquidity.

GateNews23m ago

BitMine jumps 12% but hides risks! Short sellers squeeze to dominate the market; $21 is the key watershed

BitMine Immersion Technologies (BMNR) stock price rose 12% on March 31, 2026, recording its largest single-day gain in recent history, buoyed by an upgrade to B. Riley’s price target. However, the rally was mainly driven by a short squeeze, with insufficient backing from new capital, and it may face resistance going forward. Even though the company has increased its holdings of Ethereum and has staking income, cash flow remains sluggish, and near-term performance depends on Ethereum’s price and staking returns.

GateNews26m ago

Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations

This week, a significant liquidation of $46.6 million in tokenized Brent oil futures on Hyperliquid marked a notable event in crypto, overshadowing traditional assets. Driven by geopolitical tensions, liquidations impacted traders heavily positioned for a ceasefire.

CoinDesk3h ago

Meiji Big Brother holds 6,000 ETH in a 25x long position; the liquidation price is only $13 away.

Gate News, April 2, according to on-chain analysts monitoring, Brother Maji (address 0x020...872) currently holds 6,000 ETH on a 25x long position, with an entry price of $2,084.5 and a liquidation price of $2,040.5—only $13 away from the liquidation price. Previously, he had closed 1,700 ETH, incurring a loss of $48,000.

GateNews4h ago

Over the past 24 hours, the entire network experienced liquidations totaling $375 million, with long positions liquidated for $204 million.

Gate News message. April 2, according to Coinglass data, liquidations across the entire network over the past 24 hours totaled $375 million, including $204 million liquidated on long positions and $170 million liquidated on short positions. In detail, Bitcoin had $51.7929 million liquidated on long positions and $41.8973 million liquidated on short positions; Ethereum had $42.568 million liquidated on long positions and $47.1016 million liquidated on short positions.

GateNews5h ago
Comment
0/400
No comments