The Whale Trader's Short Position Hype Sees Unrealized Gains Drop to $250,000, Liquidation Price at $72

BlockBeats News, May 17th, according to on-chain analyst Ai Whale (@ai_9684xtpa), after the release of the news on Friday that "CME and ICE are driving regulatory Hyperliquid," a whale shorted 300,000 HYPE tokens, with an average entry price of $43.398. Currently, the unrealized profit has narrowed down to $250,000.

According to analysis, due to sufficient collateral, the liquidation price for this whale's short position is $72. For every $1 drop in HYPE's price, this short position can earn $250,000.