HYPE's largest long liquidation withdrew $8.4 million in collateral, causing the settlement price to rise aggressively to $41.3.

BlockBeats News, May 21st, according to Hyperinsight Monitoring, in the past 24 hours, the largest HYPE bull whale, suspected of "HYPE listing insider trading," has continued to expand the unrealized gains in the position and has significantly withdrawn the released margin, with a total withdrawal of $8.4 million as of the time of writing.

This withdrawal caused the liquidation price to move up from $37.9 to $41.3, indicating a bet that the price will not drop below this level in the short term. Currently, the address is long 1.38 million HYPE with 5x leverage, with a position value of approximately $78.3 million, an average entry price of $38.67, and an unrealized gain of $24.8 million (+158%).

Since HYPE rebounded from $20.4 in January, after each significant price surge, there have been substantial withdrawals of unrealized gains as margin, totaling over $20 million so far, and the liquidation price has been continuously raised from the low of $20.1.

This position was established with a large long position on October 23 last year (just before HYPE was listed on Robinhood). In the following 10 days, HYPE rose from $38 to $50, but the address did not take profits and exit.

Address: 0x082e843a431aef031264dc232693dd710aedca88