The full-cycle profit baseline is $37 million. What’s a little drawdown in comparison? They’re playing the exchange rate hedging game.

Crypto界网消息，HYPE short positions reduced by 36,051.34 tokens, approximately $1,704,633.17. The current position size is $8,961,247.72, with the average price adjusted from $45.79 to $45.81, and the current profit and loss is -$2,547,761.73 (-142.15%). The current token price is $64.01, and the liquidation price is $143.22. During the long-term market oscillation downward, this whale profited from going long on BTC and altcoin exchange rates. Now, with a total of $50 million in long BTC and short HYPE positions, the total cycle profit exceeds $37 million.