HYPE Battlefield — Whales Fighting, ETF Draining Oil


The craziest market battlefield right now isn't BTC, not ETH, but HYPE.
Buyers:
a16z whale sweeps 261,250 HYPE in 1 hour ($15.2 million)
HYPE ETF daily net inflow $16.15 million
Cumulative unrealized profit $33 million
Sellers:
Whale Loracle deposits 616,700 HYPE to start dumping
Short-term unrealized loss of $23 million, still holding on
Funding rate 0.37% — longs pay shorts protection fee every 8 hours.
Futures trading volume $9.76 billion, ranked third, only behind BTC and ETH.
Both sides are big players, one going all-in, the other holding a short.
Who gets liquidated first will be today's headline.
HYPE0.21%
View Original
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