🔥 HYPE’s first giant whale of the longs is being “besieged”? 5x full-position floating profit of 1.61 million, but funding fees are the deadly weak link!

📉 With a position value of over $54 million, the bulls should wake up!

This “first giant whale” currently holds:

· 🐋 Position: 1.38 million HYPE long coins, worth $5499.19 million
· 💰 Unrealized profit/loss: +$161.8k (floating profit is still manageable)
· ⚠️ Leverage: 5X full-position mode
· 💸 Funding fees: already paid a cumulative -$213.39k
· 🔻 Entry average price: $38.68
· 💣 Liquidation price: only $35.34

🧨 Risk points at a glance:

1. Funding fees keep “draining” you
Even if the price doesn’t drop, daily high funding fees can slowly “erode” the floating profit. Payments have already exceeded the floating profit, and you’re effectively in losses now.
2. Full position at 5X—liquidation is less than a 10% drop away
If the current price falls to $35.34, the $11 million margin will be completely wiped out. Once HYPE experiences a concentrated sell-off or market panic, the giant whale is highly likely to be “blasted” at a specific liquidation target.
3. Market consensus—or a shift to “whale hunting”
With a position this obvious and large, it has become an ideal target for high-leverage shorting. Once the giant whale actively reduces holdings or triggers a chain of stop-losses, the speed of a price collapse can’t be ignored.

🧠 Suggestions for the bulls:

· Don’t blindly chase the coin holdings of this whale
· Be wary of the “human torch” effect caused by high-position, fully margined, high-leverage setups
· Watch changes in the funding rate—don’t be misled by “floating profit”

📢 History always repeats itself: when the whale signals are clear, it often dies in a siege.
$HYPE