BlockBeats News, February 25 — According to Coinbob’s hot address monitoring, the largest long position on XPL at Hyperliquid () has endured a prolonged “battle of endurance” lasting over four months, 137 days.
This address opened a 5x leveraged long position on XPL at an average price of $0.724 just before a major dip on October 11, 2025, attempting to bottom fish and catch the next upward wave of XPL. However, the market sharply reversed on the very day of entry, trapping this position in a long-term hold. Since October last year, the address has deposited approximately $6.7 million net into Hyperliquid, continuously adding margin and averaging down to sustain this contrarian position.
After 137 days and nights, the XPL price has shown no signs of recovery. The average cost basis of the position has been lowered to $0.176, but the unrealized loss remains at $3.46 million, a 507% loss, exceeding the original capital invested. It is poignant to note that during this period, no new positions were opened — all chips are committed to this single bet.
From late autumn through early spring, he is still waiting for a reversal.
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
Hyperliquid Sees Sharp Volume Drop as Netflows Turn Deeply Negative
Hyperliquid’s derivatives volume dropped sharply, with some platforms reporting declines above 60%, signaling reduced speculative activity and weakening trader engagement across markets.
Netflows turned deeply negative near -285%, reflecting sustained capital withdrawal as both spot and
CryptoNewsLand38m ago
In the past 24 hours, liquidations across the entire market totaled $43.1506 million, with both longs and shorts getting liquidated.
On April 4, Gate News reported that in the past 24 hours, the total liquidation amount in the cryptocurrency market was $43.1506 million, with long and short liquidations of $21.6725 million and $21.4780 million, respectively. The liquidation amounts for BTC and ETH were $3.6134 million and $3.4269 million. A total of 63,319 people were liquidated, and the largest single liquidation was $485.4k.
GateNews1h ago
Hyperliquid Price Gains as Futures Activity Lifts Momentum
Key insights
Hyperliquid open interest climbed above one point six billion dollars, signaling stronger derivatives participation and reinforcing current price momentum across markets.
Commodity perpetuals and event contracts increased trading activity, pushing daily volumes past two point fo
CryptoNewsLand2h ago
Crypto consolidates as volatility cools and futures markets tilt bearish
The crypto market continued to exhibit signs of choppiness on Friday, with bitcoin BTC$67,135.03 trading at $67,000 in the middle of a trading range that spans back to early February.
A selection of altcoins picked up during the lower liquidity Asia hours, prompting the likes of ALGO and RENDER to
CoinDesk6h ago
CryptoQuant: Ethereum derivatives market net traders trading volume turns positive, buyer pressure reaches $104 million
On April 4, CryptoQuant analyst Darkfrost posted a message, pointing out that the Ethereum derivatives market is showing a “structural change.” The net trader execution volume has turned positive for the first time, with buy-side pressure in control, which could help form a market bottom and may kick off a new round of upside.
GateNews7h ago
VanEck Research Director: BTC derivative protective demand hits the 99th percentile historically, signaling a potential contrarian long setup
VanEck Research head Matthew Sigel said that demand for hedging in the Bitcoin derivatives market has reached the 99th percentile in history, suggesting that it may be suitable to establish long positions. At the same time, he warned that high capital expenditures in the artificial intelligence sector could put pressure on the market, especially in the S&P 500.
GateNews9h ago
