Huo Xing Finance reports, according to on-chain analyst Yujin, multiple institutions have unwound their HYPE collateral and sold their positions; HYPE has dropped from $72 to $52 over the past month, a decline of 28%. A large whale holds a long position of 1.38 million HYPE, valued at $72.15 million, with a liquidation price of $47.60—approximately 9% below the current HYPE price. This position has been held for eight months without being closed; it experienced a paper loss of $26 million at the end of January, peaked at a paper profit of $47.46 million in June, and currently holds a paper profit of $18.8 million. The position is nearing liquidation because the trader previously withdrew a significant amount of accumulated profit as margin.
Whale holds a 1.38M HYPE long position for 8 months, with current unrealized profit of $18.8M
MarsBitShare
Summary
A whale has held 1.38 million HYPE long positions for eight months, implementing a disciplined take-profit strategy. The position currently shows an unrealized profit of $18.8 million, with a liquidation price at $47.6—9% below the current price. Whale activity is evident as the position swung from a $26 million loss in January to a peak of $47.46 million in June. The whale is now nearing liquidation following prior profit-taking.
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