Trader BitcoinOG Adds to ETH Long Positions Amid Unrealized Losses

A trader known as BitcoinOG increased their long positions on derivatives exchange Hyperliquid by 12,406 ETH, bringing total ETH holdings on the platform to 203,341 ETH valued at about $577.5 million, alongside positions of 1,000 BTC and 250,000 SOL, according to on-chain analytics account Lookonchain. The trader’s unrealized losses on these positions now exceed $70 million, after previously recording more than $120 million in unrealized profits, Lookonchain reported.