「20 Million Range Rover」 Liquidates HYPE's Short Position of Over 3 Million Dollars, Bringing Their Position Size Down to 18.74 Million Dollars

BlockBeats News, February 3rd, according to Hyperinsight monitoring, the "20 Million Band Hunter" address (0x880a...) executed a liquidation operation on its HYPE short position, selling 7,925.39 HYPE shorts, worth approximately 3.0016 million US dollars.

After this operation, the total value of its HYPE short position dropped to 18.7452 million US dollars, and the average price rose from 27.50 US dollars to 28.93 US dollars. The position is currently floating at a loss of approximately 4.1981 million US dollars, with a loss ratio of 111.98%, and a liquidation price of 46.08 US dollars.

This address has been engaged in high-frequency, multi-currency arbitrage trading for a long time, with an average holding period of about 20 hours. Since October last year, with a capital of around 20 million US dollars, it has accumulated nearly 100 million US dollars in realized profits.