The whale betting on BTC to outperform HYPE records another loss, with HYPE ’s rebound causing its weekly loss to exceed $1.9 million.
BlockBeats news, April 13th, according to reports, due to a slight pullback in BTC today, HYPE followed the decline and then climbed back above $41. The whale who has long profited from the "betting on BTC to outperform altcoins" long BTC exchange rate strategy is once again under pressure, with a weekly capital drawdown of $1.9 million. This address currently holds:
BTC long positions (40x leverage): Size $30.06 million, average price $70,557;
HYPE short positions (5x leverage): Size $23.03 million, average price $38.93.
This whale began deploying positions during the previous HYPE rally and completed full entry on March 20th, totaling about $53 million. Since the entry, the net loss on both long and short sides is approximately $1.32 million, and the combined positions have not yet achieved positive returns.
Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2
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.
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