Loss narrows to $24,900: A Hyperliquid whale's 3x LITE long turns profitable

Odaily News: LITE is currently at $922.59, up 9.31% in 24 hours; MRVL is currently at $233.22, up 4.98% in 24 hours. A Hyperliquid whale holds two optical interconnect long positions with a combined value of approximately $2.3879 million. Over the past 24 hours, unrealized PnL improved by about $165,600, narrowing the overall loss to approximately $24,900.

Specifically, the whale holds 1,504.2 LITE longs with 3x isolated margin, worth approximately $1.387 million, with an average entry price of $907. At the current price, this position is profitable by about $23,400, with a return of approximately 5.14%. The whale also holds 4,288.5 MRVL longs, worth approximately $1.0002 million, with an average entry price of $244.4. At the current price, this position is still at a loss of about $48,000, with a return of approximately 13.8%.