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

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ME News, May 20 (UTC+8), according to Hyperinsight monitoring, BTC has continued to fall 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 HYPE long positions and BTC short positions of comparable size for over a month, with the position structure pointing to going long on the HYPE/BTC exchange rate, totaling approximately $43.28 million.

Current position performance: 20x BTC short: unrealized loss of $1.24 million (-127%), size $19.33 million; 10x HYPE long: unrealized gain of $4.4 million (+183%), size $23.95 million. After hedging both sides, the net unrealized gain is $3.16 million, and the strength of HYPE relative to BTC continues to realize profits for this combined position.

(Source: ChainCatcher)

HYPE0.46%
BTC0.17%
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