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Data: HYPE/BTC exchange rate hits all-time high, a whale goes long on this exchange rate and makes a net profit of $3.1 million.

MeNews
ME News, May 20 (UTC+8), according to Hyperinsight monitoring, BTC has continued to decline over the past week while HYPE has surged against the trend, pushing the HYPE/BTC exchange rate to a new all-time high of 0.03628. A whale on Hyperliquid has simultaneously held a similar-sized long position in HYPE and short position in BTC for over a month, with the position structure pointing to a long on the HYPE/BTC exchange rate, with a total position size of approximately $43.28 million. The current position performance is as follows: 20x BTC short: floating loss of $1.24 million (-127%), size $19.33 million; 10x HYPE long: floating profit of $4.4 million (+183%), size $23.95 million. After hedging both sides, the net floating profit reaches $3.16 million, and HYPE's relative strength against BTC continues to realize returns for this portfolio. (Source: ChainCatcher)
HYPE1.06%
BTC0.41%
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