A Whale Closes HYPE Short Position, Losing Approximately $23.52 Million
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to monitoring by on-chain analyst Onchain Lens, a certain whale closed a 5x short position on HYPE, incurring a loss of approximately $23.52 million. Over the past 23 days, the whale deposited 30.5 million USDC into Hyperliquid to increase short positions and margin. Now, only $6.98 million remains in this whale's HyperLiquid account.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
Crypto prices
More
Bitcoin
BTC
$73,141.74
-2.06%
Ethereum
ETH
$2,025.79
-4.59%
Tether USDt
USDT
$0.9990
-0.00%
BNB
BNB
$673.01
-1.93%
USDC
USDC
$0.9998
-0.01%
XRP
XRP
$1.05
-3.21%
Solana
SOL
$82.28
-4.86%
TRON
TRX
$0.3174
+0.16%
Hyperliquid
HYPE
$70.81
-5.32%
Zcash
ZEC
$1,029.54
-11.71%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now