A certain HYPE Whale has increased their long position to $24 million, betting on a breakout above $99.

BlockBeats News, August 27th, according to TradingBeats (formerly Hyperinsight) monitoring, the well-known "Stock Market Big Winner," who had previously reduced positions to take profit, has re-entered HYPE with a 5x leveraged long position of 295,300 tokens, with a position value of approximately $23.811 million. The accumulated position has increased by about 93.2% compared to the remaining 152,800 tokens after the reduction, and the position has now recovered to about 90.7% of the pre-reduction level.

HYPE is currently trading at $80.64. The whale's current average entry price for the position is $81.54, with an unrealized loss of approximately $265,000, representing a return rate of about -5.5%.

A new exit strategy has been significantly adjusted. Previously set "only reduce" sell orders in the range of $92 to $95 have all been canceled, and are now placed at $99.03 to $110.74 for 24 sell orders, planning to sell 327,300 HYPE tokens, with a nominal amount of approximately $34.188 million, and an average order price of around $104.46.

The total quantity of these sell orders exceeds the current holdings by 110.8%. If all orders are filled, a short position of about 32,000 HYPE tokens will be opened, with a value of approximately $2.58 million at the current price.