📰 【Hedge whale places timed sell orders for 63,000 HYPE spot, still holding a $25 million open contract short position】


BlockBeats reports that on April 16, according to Hyperinsight monitoring, the hedge whale "HYPE's largest short" on Hyperliquid began selling its spot holdings today.
The address has densely placed 9 sell orders via TWAP (time-weighted average price) strategy, totaling 63,000 HYPE, worth about $2.86 million, from its approximately $28 million HYPE spot holdings.
Currently, more than half of the orders have been executed.
Meanwhile, the whale still holds a 5x leveraged HYPE short position, totaling $25 million, with an average price of $38.93, currently showing an unrealized loss of $3.54 million (-...
TWAP splitting orders to sell, spot covering contract shorts. $HYPE This hedge is quite aggressive, but with a $3.5 million unrealized loss and still holding 5x leverage, either they are resolutely bearish or risk control is exposed.
The whale's stop-loss line is deeper than the Mariana Trench.
The market now lacks nothing more than these bloodied chips.

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HYPE-0,15%
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