TOP 1 Whale in HYPE Position withdraws $8 million in collateral, causing the liquidation price to be adjusted to $33.6

BlockBeats News, on April 15, according to Hyperinsight monitoring, on-chain HYPE's largest long position, suspected of "HYPE listing insider trading," significantly withdrew the released collateral after its unrealized gain expanded to $8 million, with the scale of $8 million. This action caused the liquidation price to move up from $30.1 to $33.6, indicating an expectation that the price will not drop below this level.

The address currently holds a 5x leveraged HYPE long position, with a scale of $61.6 million and an average price of $38.67. The unrealized gain has narrowed to $6.76 million (56%).

Since HYPE rebounded from a bottom of $20.4 in January, this address has made significant withdrawals after each price surge. The cumulative withdrawals have exceeded tens of millions of dollars, and the liquidation price has been continuously raised from the low of $20.1 to the current level.

Address: 0x082e843a431aef031264dc232693dd710aedca88