On March 12, according to Lookonchain monitoring, a Whale account has converted all its BTC long positions into Ethereum long positions, currently holding 140,458 ETH worth approximately $269.8 million. The entry price for this position is $1,900.2, the liquidation price is $1,877, with an unrealized profit of $2.92 million. In previous news, Hyperliquid set a $1894 buy order with 50x leverage on ETH held by a Whale, which would bring the ETH position close to nearly 80,000 coins if executed.

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