Over the past week, BTC has continuously declined while HYPE surged逆势, causing the HYPE/BTC exchange rate to reach a new all-time high of 0.0₃628. On Hyperliquid, a large whale has simultaneously held comparable-sized long HYPE and short BTC positions for over a month, indicating a bet on the rising HYPE/BTC rate, with a total position size of approximately $43.28 million. The current performance of this position is as follows: 20x short BTC position: Unrealized loss of $1.24 million (-127%), size of $19.33 million; 10x long HYPE position: Unrealized profit of $4.4 million (+183%), size of $23.95 million. After hedging both sides, the net unrealized profit reaches $3.16 million, as HYPE’s strength relative to BTC continues to generate gains for this position.
HYPE/BTC rate reaches all-time high; whale earns $3.1M net profit
TechFlowShare
Summary
Whale activity on Hyperliquid shows the HYPE/BTC rate reaching 0.03628, a new all-time high. A whale has maintained a long HYPE and short BTC position for over a month, with a total size of $43.28 million. The 20x BTC short position has declined by $1.24 million (-127%), now valued at $19.33 million, while the 10x HYPE long position has gained $4.4 million (+183%), now valued at $23.95 million. After hedging, the net profit stands at $3.16 million. Traders are monitoring for a potential take-profit strategy as the position gains momentum.
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