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Giant whale stops the loss on a HYPE long position; after losing $3.22 million, it flips to short SP500, using 50x leverage on a position of over $111 million.

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ME News Report, June 9th (UTC+8), according to Onchain Lens monitoring, the address "0x97f" whale has closed its previously held HYPE long position, incurring a loss of approximately $3.22 million. Subsequently, this address sold 165,391 HYPE tokens in the spot market, realizing a profit of about $1.98M. After adjusting the HYPE position, the whale further bet on a market decline by opening a 15,000 SP500 short position, using 50x leverage, with a notional value of approximately $111.38 million, and a liquidation price of $8,295.66. Currently, the large high-leverage short position of this address is attracting market attention. (Source: ODaily)
HYPE0.09%
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