BTC/HYPE exchange rate surged significantly within 24 hours, and a certain long whale took back 900,000 USD in profit from this rate.

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ME News Report. On April 20 (UTC+8), according to Hyperinsight monitoring, the HYPE price fell back 6.3% intraday. As a result, the BTC/HYPE exchange rate rose 7% within the past 24 hours, now at 1821. On Hyperliquid, a whale heavily positioned long this exchange rate under the slogan “long BTC that holds up better than altcoins,” earning a daily profit of $900k.

Current holdings at this address:

  • BTC long positions (40x leverage): size $31.4 million, average price $70,557
  • HYPE short positions (5x leverage): size $22.58 million, average price $38.93

This address began deploying positions during the previous major HYPE rally and completed its full position building on March 20, with a total size exceeding $53 million. It may be betting on an overall market decline, with HYPE falling more than BTC. The current net profit of the combined positions is $500k.

Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2. (Source: ChainCatcher)

BTC-1.83%
HYPE-0.38%
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