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This viral news about the "whale floating a profit of 38 million" left me speechless 🧵
After digging into the actual positions:
· HYPE short: 5X full position, worth $51.01 million → floating profit $975.3k
· SNDK short: 10X isolated margin, worth $7.68 million → floating profit $412.3k
Total ≈ $1.39M
Bro, you directly treat "position value of 51 million" as "floating profit of 38 million"?
This arithmetic isn't on-chain analysis, it's on-chain illusion 🤡
$HYPE