On-chain Silver's Largest Long Position Reverses After a Week of Losses, Opening Position Today Nails Silver's Major Surge with a 36% Unrealized Gain

BlockBeats News, February 25th, according to Coinbob Popular Address Monitor data, a whale with an address starting with 0x535 leveraged 20 times in a SILVER (Silver Synthetic Asset) long position just before a significant increase in the silver price at 8:00 (UTC+8) today. The opening price was around $87. Through subsequent position-adding trades, the position size was increased to $4.08 million, becoming the largest long position in SILVER on the current Hyperliquid platform. Due to gradual position-adding trades, the average entry price rose to $88, currently showing an unrealized return of 36%, with a liquidation price of $85.

During the previous week, this address consecutively experienced losses in long positions on silver, HYPE, ZEC, and other assets, with a total weekly loss of $1.41 million. Today, it successfully hit a long position on silver for the first time during a daily price increase, realizing a floating profit.