Is a single whale's position a useful reference?
0xc298…8a9c opened a $1.74 million long position $HYPE (Hyperliquid, 86.8747).
When looking at whale data, pay attention to three things: whether it's a new position or a closing position, the amount relative to market trading volume, and whether there are subsequent consecutive trades in the same direction. A single trade is a clue, not a conclusion.
#HYPE
0xc298…8a9c opened a $1.74 million long position $HYPE (Hyperliquid, 86.8747).
When looking at whale data, pay attention to three things: whether it's a new position or a closing position, the amount relative to market trading volume, and whether there are subsequent consecutive trades in the same direction. A single trade is a clue, not a conclusion.
#HYPE
