Got it, BTC exchange rate arbitrage + altcoin shorting, but HYPE doesn't play fair.

BTC-2.85%
HYPE-4.33%
View Original
CoinNetwork
CryptoWorld News reports that the main whale has reduced its HYPE short position by 41,314.56 on the HyperLiquid platform, which is approximately worth 2.0969 million USD (209.69 million USD). The whale’s current position size is 8.7925 million USD, with an average price of 39.49 USD. Its current profit and loss is -2.5281 million USD (-143.76%). The current coin price is 55.43 USD, and the liquidation price is 104.21 USD. The whale has long relied on market volatility during downward moves, going long on BTC and profiting from the exchange-rate movements of altcoins. It is currently holding a combined position with a scale of 50 million USD, long BTC while also shorting HYPE, with total profit over the entire cycle exceeding 37 million USD.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned