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Observed Hyperliquid wallet · ETH position history

ETH wallet #1 reduced to a $234.0M short

0x5b5d51203a0f9079f8aeb098a6523a13f298c060

Research the observed state, material changes and coverage for this wallet-market pair. A wallet record describes what was observed; it does not identify the owner or predict the market.

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Latest attempt Observed successfully20.8% observed at that changeFixed wallet frameHow to read this →
Stable research record

Cite or save this observation

The page keeps the wallet, observation window, coverage and source together so a reader—or an AI system—can verify the claim.

Isobath, ETH wallet record for 0x5b5d51203a0f9079f8aeb098a6523a13f298c060. Observation window: 2026-09-09 23:04:13.284Z–2026-09-10 00:04:15.290Z. Coverage at the change: 20.8%. Observed rank after the change: #1. Observed account state and material changes on Hyperliquid; not a claim about identity, intent, or future price. Source: https://isobath.io/markets/eth/wallets/0x5b5d51203a0f9079f8aeb098a6523a13f298c060?event=evt_37071f0f5abb56721e3f5452
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Selected change

Reduced exposure

top-10 observed ETH wallet

−$480.2K-0.2%
$234.5M → $234.0M #1 by observed ETH exposure 46.46% of observed exposure

Major wallet change: top-10 observed ETH wallet.

→ · event ID evt_37071f0f5abb56721e3f5452
Account value$112,980,646.01
Free collateral$27.81
Margin used$112,977,836.70
Current observed position

ETH short

$237.0M
Size-95657.3852
Entry$2,263.09
Liquidation$3,585.20
Leverage5× cross
Unrealized PnL-$20,518,864.17

Recent behavior: this wallet has reduced exposure and increased exposure in ETH over the last 13 days.

Historical context

How notable is this change?

This comparison uses the wallet's own recorded 89 prior position changes. It describes observed behaviour, not intent or a forecast.

Typical change$1.0M
This change0.5× typical
Same-direction prior changes6
Same direction in current frame316 of 482

A similarly sized change in the same direction was observed on 9 September 2026.

This is within the range of the wallet's recorded changes. The comparison is limited to observed history.

Wallet record

Observed behaviour

Counts from this wallet's stored changes in ETH. They describe what was observed, not why it happened.

Position changes90
Opened / closed0 / 0
Increased / reduced83 / 7
Flips0
Collateral changes110
Largest observed move$19.9M
Observed account capacity

Collateral at the latest recorded change

Snapshot values from the wallet record. They describe observed account state, not a liquidation forecast.

Withdrawable collateral$54,620.91 → $0.00
Account value$110,306,944.91 → $110,413,088.24
Maintenance margin$18,349,200.70 → $18,451,197.58
Recorded
Observed account state

Risk posture changes

Isobath records these account values alongside each position event. They show how the observed account state changed; they do not predict liquidation or explain intent.

Reduced exposureETH account state
Liquidation price$3,693.51 → $3,672.92Account value+$106.1KMaintenance margin+$102.0K
· observed state change
Available collateral decreasedETH account state
Liquidation price$3,693.51 → $3,672.92Account value+$106.1KMaintenance margin+$102.0K
· observed state change
Reduced exposureETH account state
Liquidation price$3,656.74 → $3,693.51Account value−$855.2KMaintenance margin−$283.4K
· observed state change
Available collateral increasedETH account state
Liquidation price$3,656.74 → $3,693.51Account value−$855.2KMaintenance margin−$283.4K
· observed state change
Reduced exposureETH account state
Liquidation price$3,625.39 → $3,656.74Account value−$661.4KMaintenance margin−$239.5K
· observed state change
Reduced exposureETH account state
Liquidation price$3,619.85 → $3,625.39Account value−$42.7KMaintenance margin−$38.4K
· observed state change
Reduced exposureETH account state
Liquidation price$3,559.17 → $3,619.85Account value−$1.9MMaintenance margin−$419.5K
· observed state change
Available collateral decreasedETH account state
Liquidation price$3,559.17 → $3,619.85Account value−$1.9MMaintenance margin−$419.5K
· observed state change
Increased exposureETH account state
Liquidation price$3,571.77 → $3,585.20Account value+$30.9KMaintenance margin−$12.0K
· observed state change
Increased exposureETH account state
Liquidation price$3,590.66 → $3,559.17Account value+$1.3MMaintenance margin+$283.6K
· observed state change
Position over time

Observed ETH exposure

Long above zero. Short below zero. Failed observations remain visible gaps rather than invented continuity. Markers connect changes to the nearest preserved observation -- select one to jump to its exact values below.

Selected comparison beganSelected comparison ended$118.4M short · 24 Aug, 16:40$122.2M short · 24 Aug, 22:40$122.7M short · 25 Aug, 04:40$122.1M short · 25 Aug, 10:40$122.2M short · 25 Aug, 16:40$120.8M short · 25 Aug, 22:40$121.6M short · 26 Aug, 04:40$121.7M short · 26 Aug, 10:40$120.4M short · 26 Aug, 16:40$123.2M short · 26 Aug, 22:40$122.7M short · 27 Aug, 04:40$123.4M short · 27 Aug, 10:40$124.7M short · 27 Aug, 16:40$123.8M short · 27 Aug, 22:40$122.5M short · 28 Aug, 04:40$123.0M short · 28 Aug, 10:40$121.3M short · 28 Aug, 16:41$121.2M short · 28 Aug, 22:41$121.4M short · 29 Aug, 04:41$123.2M short · 29 Aug, 10:41Available collateral decreased, 30 Aug: $442,268.57 to $0.00Available collateral increased, 30 Aug: $0.00 to $442,268.57Increased exposure, 30 Aug: $131,216,101.79 to $131,567,829.00Available collateral decreased, 30 Aug: $1,101,362.53 to $0.00Available collateral decreased, 30 Aug: $1,753,182.18 to $1,101,362.53Available collateral increased, 30 Aug: $0.00 to $1,753,182.18Increased exposure, 30 Aug: $131,718,688.67 to $132,071,786.78Available collateral decreased, 30 Aug: $57,169.39 to $0.00Increased exposure, 29 Aug: $126,987,410.05 to $131,023,612.66Available collateral increased, 29 Aug: $0.00 to $57,169.39Increased exposure, 29 Aug: $130,640,625.14 to $131,338,393.19Increased exposure, 29 Aug: $126,468,619.14 to $130,050,441.41Increased exposure, 29 Aug: $123,867,716.79 to $126,873,401.48Increased exposure, 29 Aug: $124,953,342.97 to $126,670,269.87Increased exposure, 29 Aug: $124,578,032.21 to $124,642,215.60Available collateral decreased, 29 Aug: $83,047.49 to $0.00Increased exposure, 29 Aug: $123,979,449.02 to $124,154,912.96Available collateral increased, 29 Aug: $0.00 to $83,047.49Increased exposure, 29 Aug: $123,394,091.08 to $123,796,186.78Increased exposure, 29 Aug: $123,168,960.79 to $123,683,313.82Increased exposure, 29 Aug: $121,216,774.88 to $123,220,108.59Increased exposure, 29 Aug: $122,125,354.15 to $123,113,377.99Increased exposure, 29 Aug: $121,710,092.29 to $121,931,895.84Increased exposure, 29 Aug: $121,191,888.97 to $121,820,157.93Increased exposure, 29 Aug: $121,167,510.67 to $121,321,295.70Available collateral decreased, 29 Aug: $308,144.09 to $0.00Available collateral increased, 29 Aug: $136,580.28 to $308,144.09Available collateral decreased, 29 Aug: $311,057.53 to $136,580.28Increased exposure, 29 Aug: $121,475,704.78 to $121,575,856.99Available collateral decreased, 29 Aug: $1,427,403.99 to $311,057.53Available collateral decreased, 28 Aug: $131,320.37 to $0.00Available collateral increased, 28 Aug: $1,215,559.22 to $1,427,403.99Available collateral increased, 28 Aug: $936,152.66 to $1,215,559.22Available collateral decreased, 28 Aug: $6,186,386.57 to $936,152.66Available collateral increased, 28 Aug: $4,168,521.92 to $6,186,386.57Available collateral increased, 28 Aug: $3,444,070.33 to $4,168,521.92Increased exposure, 28 Aug: $119,987,994.62 to $120,996,015.56Available collateral increased, 28 Aug: $0.00 to $131,320.37Increased exposure, 28 Aug: $121,372,880.60 to $121,430,966.93Available collateral increased, 28 Aug: $0.00 to $3,444,070.33Increased exposure, 28 Aug: $124,254,939.59 to $124,686,866.77Increased exposure, 28 Aug: $122,407,882.19 to $122,947,800.70Available collateral decreased, 28 Aug: $158,795.96 to $0.00Available collateral increased, 28 Aug: $0.00 to $158,795.96Available collateral decreased, 28 Aug: $2,038,174.00 to $0.00Available collateral increased, 28 Aug: $0.00 to $2,038,174.00Available collateral decreased, 28 Aug: $1,152,566.87 to $0.00Available collateral increased, 28 Aug: $0.00 to $1,152,566.87Available collateral decreased, 28 Aug: $2,504,931.73 to $0.00Available collateral increased, 28 Aug: $23,024.63 to $2,504,931.73Reduced exposure, 27 Aug: $124,023,024.03 to $123,820,650.05LONG · $124.7M0SHORT · $124.7M24 Aug29 Aug
Hover, tap, or tab to a point for its exact value.
20 fixed-frame observationsAmber markers show the selected comparison · Observed points only · gaps are not interpolated
Collateral over time

Observed available collateral

Withdrawable balance at each preserved observation. A movement is not labelled a deposit or withdrawal without ledger evidence. Gaps are not interpolated.

$12.0 available · 24 Aug, 16:40$23.0K available · 24 Aug, 22:40$102.0K available · 25 Aug, 04:40$0.0 available · 25 Aug, 10:40$0.0 available · 25 Aug, 16:40$150.7K available · 25 Aug, 22:40$62.4K available · 26 Aug, 04:40$2.1K available · 26 Aug, 10:40$236.0K available · 26 Aug, 16:40$0.0 available · 26 Aug, 22:40$0.0 available · 27 Aug, 04:40$0.0 available · 27 Aug, 10:40$0.0 available · 27 Aug, 16:40$21.7K available · 27 Aug, 22:40$0.0 available · 28 Aug, 04:40$0.0 available · 28 Aug, 10:40$131.3K available · 28 Aug, 16:41$0.0 available · 28 Aug, 22:41$0.0 available · 29 Aug, 04:41$3.4 available · 29 Aug, 10:41$236.0K024 Aug29 Aug
Hover, tap, or tab to a point for its exact value.
20 fixed-frame observationsObserved points only · gaps are not interpolated
Change history

Material changes

Ordered chronologically, newest first. Only observed changes above the material threshold. No identity, intent or trading skill is inferred.

Reduced exposureSelected
$234,483,101.26 → $234,002,950.58
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$54,620.91 → $0.00
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Reduced exposure
$233,464,850.61 → $232,934,166.26
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$0.00 → $54,620.91
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Reduced exposure
$234,662,708.84 → $234,322,039.25
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Reduced exposure
$236,071,378.53 → $235,549,758.20
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Reduced exposure
$235,770,492.16 → $235,612,532.74
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$93,638.88 → $0.00
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Increased exposure
$237,225,282.89 → $237,330,755.55
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Increased exposure
$238,277,046.50 → $238,381,927.17
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$0.00 → $93,638.88
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$6,812,940.78 → $0.00
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$0.00 → $6,812,940.78
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$148,317.34 → $0.00
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$2,125,182.59 → $148,317.34
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$187,018.73 → $2,125,182.59
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$0.00 → $187,018.73
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$69,992.12 → $8,514.81
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral increased
$19,486.87 → $69,992.12
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Available collateral decreased
$82,357.83 → $0.00
Major wallet change — top-10 observed ETH wallet
→ · fixed wallet frame
Account funding

Money in and out

Deposits and withdrawals recorded for this wallet, newest first. Transfers between the owner's own accounts are excluded — moving funds from spot to perp is not money arriving. These describe observed movement only, never a reason for it.

Money arrivedsend
+$5.0M
· observed account movement
Money leftsend
−$4.0M
· observed account movement
Money leftsend
−$8.0M
· observed account movement
Money arrivedsend
+$5.0M
· observed account movement
Money arrivedsend
+$5.0M
· observed account movement
Money arrivedsend
+$1.0M
· observed account movement
Money arrivedsend
+$9.0M
· observed account movement
Money leftsend
−$5.0M
· observed account movement