「Whale Watch」 HYPE Diamond Hands Army Increases Position to $48.8 Million, Liquidation Price $101

BlockBeats News, August 31. According to TradingBeats monitoring, the "HYPE Iron Hands Bear Army" starting with 0xf02 is currently shorting 607,100 HYPE tokens with 5x leverage, with a position value of approximately $48.8 million. The average entry price is $81.36, once again becoming one of the largest HYPE short positions in the market.

At the time of writing, HYPE is currently trading at $80.37, representing a 24-hour decrease of about 3.08%. The whale currently has an unrealized gain of approximately $600,000, with a return rate of about 6.1%; the liquidation price is $101.30.

Their position size has further increased this morning. Between 1:14 and 1:30, the address sold 202,200 HYPE tokens at an average price of around $83.21, totaling about $16.824 million, leading to a nearly 50% increase in the short position. The additional short position is currently unrealized gains of approximately $574,000 at the current price, contributing to the majority of the current paper profit.

The whale has previously repeatedly shorted HYPE, completing a total of 11 rounds of HYPE short positions, with 8 wins and 3 losses, but the cumulative net loss is still around $3.348 million, with an additional approximately $105,000 in fees. The most recent significant short position was closed on August 21, selling off 564,200 HYPE tokens and realizing a loss of about $2.096 million.

Previous News: Two Whales Plan to Short $42.2 Million HYPE