Overview of Trending Whale Movements: "CZ Counterparty" Turns a $21 Million Floating Loss into a Profit, "Machi" ETH Long Position Sees $2 Million Floating Profit

On December 4, according to HyperInsight monitoring, the market has recently rebounded, with some major long-position whales turning losses into gains or expanding their unrealized profits. After more than 10 days of inactivity, the “suspected XPL insider” whale opened new long positions today. Details are as follows:

“Machi” Huang Licheng: In the past 2 hours, Huang Licheng partially closed ETH, ZEC, and HYPE long positions. After continuously closing positions in recent days, he rolled over to new long positions. His current major positions are: ETH long position of $29.46 million, unrealized profit of $2.03 million (171%); HYPE long position of $3.41 million, unrealized profit of $140,000 (43%).

“CZ Counterparty”: The ETH long position has turned from a loss to a profit, with an unrealized profit of $460,000. Two days ago, it had an unrealized loss of $21 million. The current position size is about $168 million, with an average price of $3,201. There is also an XRP long position, with a position size of about $85.38 million, average price $2.29, and an unrealized loss of $3.63 million (-42%). Currently, this account is the largest ETH and XRP long on Hyperliquid.

“Largest ZEC Short on Hyperliquid”: In the past 3 hours, this account has continued to add to ETH and ZEC short positions. The current ETH short position size is $48.72 million, with an unrealized profit of $5.5 million (168%); ZEC short position size is $10.12 million, with an unrealized profit of $2.01 million (99%).

“Suspected XPL Insider” whale: After more than 10 days of inactivity, this account has recently opened new positions. The current account balance is about $23.98 million. In the past 2 hours, it opened 5x leveraged ETH and 7x leveraged SOL long positions at the base level, with a total position size of $6.19 million.

“James Wynn”: The 40x leveraged BTC long position opened 2 days ago has an unrealized profit of $240,000 (340%) and a position size of about $2.88 million. In the past 2 hours, there have been multiple attempts to open SOL short positions, all of which were closed within a short period.