📰 [Hedge whale places a time-sliced sell order of 63k HYPE spot tokens, while holding a $25 million open contract short position]


BlockBeats news, April 16, according to Hyperinsight monitoring, the hedge whale "HYPE's largest short" on Hyperliquid started selling its spot holdings today. The address has densely placed 9 sell orders via TWAP (time-weighted average price) strategy, totaling 63k HYPE tokens, worth about $2.86 million. Currently, more than half of the orders have been executed. Meanwhile, the whale still holds a 5x leveraged HYPE short position, totaling $25 million, with an average price of $38.93, currently showing an unrealized loss of $3.54 million (-...
TWAP split orders for liquidation, spot cover for contract shorts. $HYPE This hedge play is aggressive, but with a $3.5 million unrealized loss and still holding 5x leverage, either they are dead set on being bearish or their risk control is exposed. The whale’s stop-loss line is deeper than the Mariana Trench. The market now is least lacking in these bloodied chips.

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HYPE-1.02%
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