$HYPE Wow! The big shot at Eagle Capital really has some guts!

Knowing full well that tomorrow HYPE will unlock $572 million worth of tokens, he still opened a 10x short position at an entry price of 60.65 — now HYPE's latest price is 57.02, with an unrealized profit of $120k, +64%! He said he's going to Macau for three days of fun, "Leave this position here, you'll see it when I close it" — is he planning to gamble and make money at the same time?

But do you see the bigger picture clearly?

Just as he was feeling proud, on-chain funds are doing the opposite. The pvp platform is really ruthless, earning $8.68 million from trading fees and commissions, with no withdrawals, all used to buy HYPE, with an average cost of only $20.6. The total holdings are now worth over $120k, with an unrealized profit of more than $15 million! Yesterday, they just redeemed some tokens, possibly preparing to adjust their position and keep going!

Moreover, the Grayscale-related wallet bought and staked 510k HYPE in the past week, worth $25 million. A16z withdrew 2.6 million HYPE from exchanges in the past 24 hours, worth $13.29 million.

What does this mean? Institutions are buying, retail traders are shorting, and the eagle big shot thinks he's caught a good opportunity. The unlock tomorrow will indeed create selling pressure, but HYPE has already pulled back from its high. Once ETF and institutional funds absorb these tokens, the shorts will be the next to get squeezed.

The eagle big shot makes $120k and then runs — his vision is narrow. I’ll go all-in long on HYPE; he unlocks, I take the buy-in; he shorts, I push the price up. Let’s see who laughs last! #阿贵Btc