BTC/HYPE Exchange Rate Surges Significantly in the Last 24 Hours, Whale Long on This Rate Takes $900,000 in Profits

BlockBeats News, April 20th, according to Hyperinsight Monitor, HYPE's price experienced a 6.3% intraday pullback. The BTC/HYPE exchange rate subsequently rose by 7% in the past 24 hours, now at 1821. A whale on Hyperliquid, with a significant long position on this exchange rate, known for "leveraging BTC to resist the drop better than altcoins," gained $900,000 in a day. The address currently holds:

BTC Long (40x leverage): Size $31.4 million, Average Price $70,557;

HYPE Short (5x leverage): Size $22.58 million, Average Price $38.93.

This address started deploying positions during the last surge of HYPE and completed all positions on March 20th, with a total size exceeding $53.1 million, possibly betting on a market-wide downturn, especially considering HYPE's larger drop compared to BTC. The current combined position has a net profit of $500,000.

Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2