🐋 HYPE whale shorts $32.24M, up $2.08M: Skill or luck?
A whale wallet (0x7fda…17d1) is surprising the market by holding a short position with a notional value of up to $32.24M, using 5x leverage. What’s remarkable is that this position is sitting on a massive unrealized profit of $2.08M—a figure that’s nothing to scoff at.
Honestly, looking at these numbers, I’m both impressed and curious whether they’ll take profits early or keep holding on while the price hovers around $81.9080. Keep in mind that despite the large notional value, the actual margin is only about $6.45M. The liquidation price for this position is $140.8379, 71.9% above the current price—which means that if the price rebounds sharply, they’ll be in serious trouble.
For informational purposes only, not investment advice. DYOR.
#HYPE $HYPE
A whale wallet (0x7fda…17d1) is surprising the market by holding a short position with a notional value of up to $32.24M, using 5x leverage. What’s remarkable is that this position is sitting on a massive unrealized profit of $2.08M—a figure that’s nothing to scoff at.
Honestly, looking at these numbers, I’m both impressed and curious whether they’ll take profits early or keep holding on while the price hovers around $81.9080. Keep in mind that despite the large notional value, the actual margin is only about $6.45M. The liquidation price for this position is $140.8379, 71.9% above the current price—which means that if the price rebounds sharply, they’ll be in serious trouble.
For informational purposes only, not investment advice. DYOR.
#HYPE $HYPE
