đ HYPE whale is up $12.69Mâwill they take profits?
A massive long position (betting on price going up), with a notional value of $22.58M, from wallet 0xa9b9âŚ3bbd is causing quite a stir in the community. Right now, this whale is holding an unrealized gain of $12.69Mâan truly impressive number!
Whatâs notable is that this position uses leverage of ~10x, meaning their actual capital put in is only around $2.26M. The liquidation price is at $47.2895, which is about 47.7% away from the current price of ~$90.4830. This suggests the position is still fairly safeânot too worried about getting liquidated immediately even if the market corrects.
With gains this huge, I canât help but wonder what the whale will do next. Will they keep holding to chase even higher profits, or will they take profit to preserve their gains? If you were in their shoes with a position showing such a large profit, what would you do?
For reference only, not investment advice. DYOR.
#HYPE $HYPE
A massive long position (betting on price going up), with a notional value of $22.58M, from wallet 0xa9b9âŚ3bbd is causing quite a stir in the community. Right now, this whale is holding an unrealized gain of $12.69Mâan truly impressive number!
Whatâs notable is that this position uses leverage of ~10x, meaning their actual capital put in is only around $2.26M. The liquidation price is at $47.2895, which is about 47.7% away from the current price of ~$90.4830. This suggests the position is still fairly safeânot too worried about getting liquidated immediately even if the market corrects.
With gains this huge, I canât help but wonder what the whale will do next. Will they keep holding to chase even higher profits, or will they take profit to preserve their gains? If you were in their shoes with a position showing such a large profit, what would you do?
For reference only, not investment advice. DYOR.
#HYPE $HYPE
