50 million going long on BTC while also hyping into shorts at the same time—currency arbitrage turning into a one-sided naked short; this round got blown out by the spot market.

Crypto news, HYPE short positions increased by 27,426.32 tokens, approximately $2,034,500, with the total holdings reaching $19,193,800. The average price was adjusted from $56.56 to $58.19. Currently, the unrealized profit and loss for this position is -$3,793,120.45, with a loss rate of -98.81%. The current token price is $72.52, and the liquidation price is $103.80. During the market's long-term oscillation and downward trend, this whale has profited from the exchange rate differences by going long on BTC and altcoins. Now, with a total of $50 million, they are simultaneously long on BTC and short on HYPE, with a total cycle profit exceeding $37 million.