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BTC/HYPE exchange rate surged significantly within 24 hours, a whale long on this rate recovered a profit of 900k USD.
ME News Report, April 20 (UTC+8), according to Hyperinsight monitoring, the HYPE price fell 6.3% intraday, and the BTC/HYPE exchange rate rose 7% in the past 24 hours, now at 1821. Hyperliquid’s large whale, which heavily longed this exchange rate with the strategy of “betting more on BTC to resist altcoin dips,” earned a daily profit of $900k. Currently, this address holds: BTC long position (40x leverage): valued at $31.4 million, average price $70,557; HYPE short position (5x leverage): valued at $22.58 million, average price $38.93. This address started deploying positions during the last major HYPE rally and completed full position building on March 20, with a total scale exceeding $53 million, possibly betting on the overall market decline, with HYPE dropping more than BTC. The current combined position has a net profit of $500k. Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2. (Source: ChainCatcher)