Hyperliquid whale places ~$20M ETH buy order, existing longs down $4.63M unrealized

On October 30, according to Onchain Lens monitoring, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid approximately one hour ago and placed a buy order for 9,630 ETH valued at approximately $20 million. The trader currently holds a long position of 4,860 ETH worth roughly $10.94 million, with unrealized losses across their 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.