On-chain silver's largest long position recovers after a week of losses, building positions today and betting on silver's big rise, with unrealized gains of 36%

HYPE0,42%
ZEC2,49%

BlockBeats News, February 25 — According to Coinbob’s popular address monitoring, a whale starting with 0x535 opened a long position on SILVER (Silver mapping contract) at 8 a.m. today, just before the silver price surged significantly. They used 20x leverage to open the position at approximately $87. Subsequently, through rolling over positions, they increased their holdings to $4.08 million, making it the largest long position on SILVER on the Hyperliquid platform. Due to gradual rolling, the average entry price rose to $88, with a current floating return of 36%, and a liquidation price of $85.

In the past week, this address repeatedly experienced losses on long positions in silver, HYPE, ZEC, and others, with a weekly total loss of $1.41 million. Today, for the first time, they successfully predicted an intraday rise in silver, realizing a floating profit.

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