BlockBeats report: On August 31, according to monitoring by TradingBeats, the wallet “HYPE iron-head bear” starting with 0xf02 is currently shorting 607,100 HYPE with 5x leverage. The position value is about $48.8 million. The composite entry average price is $81.36, and it has once again become one of the largest open HYPE short positions in the market.

As of the time of publication, HYPE is temporarily trading at $80.37, down about 3.08% over the past 24 hours. This whale currently has an unrealized profit of about $600,000, with a return rate of around 6.1%; the liquidation price is $101.30.

Its position size expanded further this morning. Between 1:14 and 1:30, the address sold 202,200 HYPE at an average price of about $83.21—about $16.824 million—bringing the increase in the number of short positions to nearly 50%. These newly added shorts are currently up by about $574,000 at the present price, accounting for the vast majority of the paper profits right now.

This whale has previously repeatedly shorted HYPE. It completed 11 rounds of HYPE short positions, recording 8 wins and 3 losses, but the cumulative net loss is still approximately $3.348 million, and it also generated about $105,000 in fees. The most recent large short position ended on August 21, closing 564,200 HYPE and incurring a loss of approximately $2.096 million.

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