Whale Bets on BTC to Outrun HYPE Further Records Loss, HYPE Rebound Leads to Weekly Loss of Over $1.9 Million

BlockBeats News, April 13, according to Hyperinsight monitoring data, influenced by today's slight BTC retracement, HYPE rebounded and rose back above $41. The whale, who has long relied on a long BTC exchange rate strategy to profit and whose "long BTC, resilient to altcoin price drops" strategy has come under pressure again, saw a $1.9 million fund outflow this week. The address currently holds:

BTC Long (40x leverage): $30.06 million scale, $70,557 average price;

HYPE Short (5x leverage): $23.03 million scale, $38.93 average price.

During the last surge in HYPE, it began to deploy positions and completed all positions on March 20, with a total scale of about $53 million. Since the establishment of positions, the net loss on both sides of the long and short positions is approximately $1.32 million, and the combined position has not yet realized a positive return.

Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2