Huoxing Finance reports that on April 13, according to Hyperinsight monitoring, the whale wallet starting with 0xa6e briefly closed its BTC long position at breakeven. The position size was previously 200.5 BTC, equivalent to approximately $14.2 million, with an average closing price of $71,116. Subsequently, within the past half-hour, this address has placed a sell order for HYPE, aiming to take partial profits once HYPE rises above $43.50. The current order size is $9.84 million at an average price of $39.25, with an unrealized profit of $620,000 (48%). Address: 0xa6ee1ed1ae80b8352603654b39f5e7b9bedd5078
Whale closes $14.2M BTC long and plans to take profits on HYPE above $43.5
MarsBitShare
Summary
A major whale with address 0xa6ee1ed1ae80b8352603654b39f5e7b9bedd5078 has closed a $14.2 million BTC long position, averaging $71,116 per BTC. The whale previously held 200.5 BTC and now plans to execute a take-profit strategy on HYPE if the price breaks above $43.5. The current HYPE position is valued at $9.84 million, with an average entry price of $39.25 and a floating profit of $620,000 (48%). Key levels to monitor include support and resistance around $43.5 for potential profit-taking.
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