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Data: HYPE is experiencing a tug-of-war between bulls and bears around the $40 mark, with the latest whale opening a short position using 5x leverage.
Mars Finance reports that, according to Hyperinsight monitoring, after the market rose this morning, HYPE rebounded to around $40 and fluctuated, with a 24-hour decline of 3%.
The latest whale (0xec8) opening a position on Hyperliquid in the past hour opened a 5x leveraged HYPE short at an average price of $40.04, with a liquidation price of $46.6, holding approximately $3.38 million.
Additionally, among the whales opening positions today (with a scale over $1 million), the address closest to the liquidation line (0x4a8) opened a position at 1 a.m. today, with an average price of $39.64, which has now turned from profit to loss.
If HYPE rises to $41.6, this position will be liquidated.