From a floating loss of 23.18 million to a reversal into profit! HYPE whale's long-term holdings become the focus again

On the Hyperliquid platform, the whale address with the highest HYPE holdings recently experienced a significant profit and loss reversal.

This address currently holds about 1.38 million HYPE tokens, with a position size of approximately $56.82 million, and an average opening price of about $38.675. The latest data shows its current unrealized profit is about $3.42 million, whereas it once had an unrealized loss of up to $23.18 million.

This whale began building large-scale long positions at the end of October last year and added margin multiple times during the price retracement phase in January this year to avoid liquidation, demonstrating a strong long-term holding intention.

Additionally, due to the long holding period and large scale, this address has paid a total funding fee of up to $2.11M.

From a market structure perspective, such long-cycle large positions are more like a continued bet on the trend rather than short-term trading behavior, and their profit and loss changes are more dependent on the overall market cycle.

In the crypto market, what truly tests is not a single judgment, but whether you can stick to your strategy amid volatility.
Markets will shuffle repeatedly, but those who can withstand the fluctuations are often the ones who survive long-term.