$HYPE The largest long position on HYPE on Hyperliquid has seen unrealized gains fall from about $68.26 million to about $40.39 million. He hasn’t sold a single coin and is still adding margin to the account.
The main address holds about 1.38 million HYPE in a long position on-chain on Hyperliquid, with an average entry price of about $38.68. Lookonchain said his unrealized gains peaked at about $68.26 million, and on-chain portfolio data also showed a peak cumulative profit of about $68.26 million. Over the past 7 days, he has not made a single trade and has kept holding the position.
◎HYPE long position: about 1.38 million coins (notional value about $93.76 million), 5x isolated.
◎Current price: about $67.95, unrealized gain about $40.39 million; at the time of Lookonchain’s post, about $27.59 million.
◎Liquidation price: about $58.47, about 13.9% below the current price.
◎Since November 12, he has transferred in about 7.81 million $USDC in 9 transactions from two addresses, and the account equity is about $18.64 million.
Holding tens of millions in unrealized gains without taking profit, but instead adding funds to ride out the drawdown, shows extreme bullishness on HYPE. If HYPE falls another 14%, this long position will hit liquidation.
0x082e843a431aef031264dc232693dd710aedca88
The data is a snapshot at 18:57 (Singapore time), and the $68.26 million peak and $27.59 million figures come from Lookonchain.
The above is only an observation of on-chain data and does not constitute investment advice.
The main address holds about 1.38 million HYPE in a long position on-chain on Hyperliquid, with an average entry price of about $38.68. Lookonchain said his unrealized gains peaked at about $68.26 million, and on-chain portfolio data also showed a peak cumulative profit of about $68.26 million. Over the past 7 days, he has not made a single trade and has kept holding the position.
◎HYPE long position: about 1.38 million coins (notional value about $93.76 million), 5x isolated.
◎Current price: about $67.95, unrealized gain about $40.39 million; at the time of Lookonchain’s post, about $27.59 million.
◎Liquidation price: about $58.47, about 13.9% below the current price.
◎Since November 12, he has transferred in about 7.81 million $USDC in 9 transactions from two addresses, and the account equity is about $18.64 million.
Holding tens of millions in unrealized gains without taking profit, but instead adding funds to ride out the drawdown, shows extreme bullishness on HYPE. If HYPE falls another 14%, this long position will hit liquidation.
0x082e843a431aef031264dc232693dd710aedca88
The data is a snapshot at 18:57 (Singapore time), and the $68.26 million peak and $27.59 million figures come from Lookonchain.
The above is only an observation of on-chain data and does not constitute investment advice.
