🚨 Whale short down $1.91M—can they hold on?
A $6.99M short position from wallet 0xbe19…8bd1 is sitting on a $1.91M loss—a truly extreme test of nerves. With ~3x leverage, the liquidation price is $298.1123, more than 270% above the current price.
The notional position is large, but the actual margin is only around $2.33M. Liquidation pressure is weighing heavily on this whale. If the price keeps rising, will the bulls take advantage of the situation to push it higher and trigger a major liquidation?
This is really nerve-racking. If you were in this short position and facing a loss like this, would you cut your losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#HYPE $HYPE
A $6.99M short position from wallet 0xbe19…8bd1 is sitting on a $1.91M loss—a truly extreme test of nerves. With ~3x leverage, the liquidation price is $298.1123, more than 270% above the current price.
The notional position is large, but the actual margin is only around $2.33M. Liquidation pressure is weighing heavily on this whale. If the price keeps rising, will the bulls take advantage of the situation to push it higher and trigger a major liquidation?
This is really nerve-racking. If you were in this short position and facing a loss like this, would you cut your losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#HYPE $HYPE