Odaily Planet Daily reports, according to Onchain Lens monitoring, a trader has held 1.38 million HYPE long positions for 287 days, with a current value of $80.71 million and an unrealized profit of $27.34 million. The trader has added $4.5 million in USDC margin, including $2 million deposited yesterday and $2.5 million deposited on July 17. The entry price was $38.67, the mark price is $58.49, the liquidation price is $52.368, and the leverage is 5x.
Trader's 5x Leverage HYPE Long Position Exceeds $80M in Value After 287 Days
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Summary
A trader using position trading has held a long position of 1.38 million HYPE tokens for 287 days, with the current position valued at $80.71 million and unrealized profits of $27.34 million. The trader has added $4.5 million in USDC as collateral, including $2 million deposited yesterday and $2.5 million deposited on July 17. The entry price was $38.67, the mark price is $58.49, and the liquidation price is $52.368, with 5x leverage applied. This long-term strategy aligns with value investing principles in cryptocurrency.
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