According to Arkham monitoring, trader “watershedpath” currently holds the largest on-chain HYPE long position, with a position value of more than $80 million. Affected by HYPE’s pullback from its all-time high, its unrealized loss over the past two weeks is about $18 million, with remaining margin of about $16 million; if HYPE falls by $6 or more again, the position will be liquidated.

HYPE0.98%
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RealWorldFarmer
· 11h ago
With such a large position being targeted, on-chain data is crystal clear. It might even be deliberate—putting out signals to lure the shorts into selling off, so he can harvest them.
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LightningWalker
· 15h ago
I don’t know if he’s hedging—he’s going all-in on one side with HYPE so aggressively. Isn’t this exactly the kind of big sucker the market maker loves the most?
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MaCrossRecorder
· 15h ago
A loss of 18 million in unrealized losses is already money that many people can’t earn in a lifetime, and with just 16 million in margin left, if it drops another $6, it will be wiped out—heartbeat game.
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FlashLoanChef
· 15h ago
A $6 drop on liquidation means the current price is only one last bearish candle away from the liquidation line, and the bulls are trembling.
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LendArbitrager
· 15h ago
Arkham’s monitoring is so exciting—watching a real-money live stream, and a tycoon goes bankrupt. I suggest setting up a paid live-streaming channel.
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PhishPolice
· 15h ago
This big brother really has guts—an $80 million position, and it looks like it’s about to blow up.
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