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

ME News, May 20 (UTC+8), according to Hyperinsight monitoring, BTC has continued to decline over the past week while HYPE surged against the trend, pushing the HYPE/BTC exchange rate to an all-time high of 0.03628. A whale on Hyperliquid has simultaneously held HYPE long positions and BTC short positions of comparable size for over a month, with the position structure indicating a long on the HYPE/BTC rate, totaling approximately $43.28 million. Current position performance: 20x BTC short: unrealized loss of $1.24M (-127%), size $19.33M; 10x HYPE long: unrealized profit of $4.4M (+183%), size $23.95M. After hedging both sides, net unrealized profit reaches $3.16M, and HYPE's strength relative to BTC continues to realize gains for this combined position. (Source: ChainCatcher)
HYPE2.15%
BTC0.83%
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