From a floating loss of 23 million to a profit of 3.4 million! Hyperliquid whale HYPE long position "hard-press counterattack"

On-chain data shows that on Hyperliquid, the whale address with the largest HYPE position has now turned its holdings into a floating profit.

Since late October last year, this address has been continuously making large long positions on HYPE, currently holding about 1.38 million HYPE tokens (worth approximately $56.82 million), with an average opening price of about $38.675.

During the holding period, this address once experienced a floating loss of over $23.18 million, but when the price dropped to around $20, it repeatedly added margin, successfully avoiding liquidation, and maintained its position.

As the market rebounded, this address has now realized a profit of about $3.42 million, and due to long-term holding and large-scale positions, its accumulated funding fee expenditure has reached approximately $2.11M.

From the trading behavior, this is not a short-term gamble but a highly patient trend betting strategy: continuously adding positions and resisting pressure during extreme drawdowns, ultimately waiting for a cycle reversal.

The hardest part in the market is never judging the direction, but whether you can stick to your original judgment during the most painful times.

Many people get caught in volatility, while a few win in time.

The essence of trading has never been "avoiding all risks," but holding onto your logic through risks until the market validates it. 🚀