A Certain Whale Has Held a Short Position on HYPE for Over a Year Without Closing It, with Unrealized Losses Exceeding $23 Million

BlockBeats news, October 13th, according to TradingBeats monitoring, the Hyperliquid whale address 0x45d2…4029 holds approximately 433,100 HYPE short positions. Based on the latest reference price, the position value is approximately $35.54 million, using 10x cross margin leverage, with an average entry price of approximately $28.79. The current unrealized loss is approximately $23.07 million, with a position return rate of approximately -1850%.

This address began shorting HYPE as early as September 2025, and has adjusted its position multiple times over the past year, still holding a large short position to date. As of press time, HYPE perpetual contracts on Hyperliquid are temporarily reported at approximately $82.06, about 185% higher than the address's average entry price.