Coin World News reports that the floating profit of HYPE long positions has narrowed to $32.04M (+187.59%). The current coin price is $61.90, the average entry price is $38.68, the liquidation price is $54.03, and the open position size is $85.42M. This address went heavily long before HYPE was listed on Robinhood; it is now the largest HYPE long position holder and previously suffered a significant floating loss.

HYPE-3.10%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
NightFlightPancake
· 1h ago
I've seen many stories of the biggest bulls turning into the most miserable bulls. With HYPE's volatility, trading futures is like licking blood off the edge of a knife.
View OriginalReply0
WhitepaperByTheRoadside
· 2h ago
The 85.42 million position is too heavy. If the market depth isn’t sufficient, you won’t even be able to run away.
View OriginalReply0
FeeFiFoFum
· 3h ago
This liquidation price is cutting it a bit close; another 10% pullback will trigger it, and even the whales can't withstand the volatility.
View OriginalReply0
SweepTheFloor
· 3h ago
Positioning before Robinhood's listing, that's a smart play on information asymmetry, but with the paper profit dropping so much from the peak, you need to keep a steady mindset.
View OriginalReply0
GateUser-78b4adc8
· 3h ago
38 cost now 61, 187% return and still complaining about narrowing? If it were me, I would have taken the profits long ago.
View OriginalReply0
  • Pinned