BlockBeats News, December 24, according to Coinbob Hot Address Monitor, the HYPE short position of the whale starting with 0xd16 has realized significant gains. Since November, this address opened a short position around $39 and has been continuously rolling positions. The current position size is approximately $6.43 million, with the average cost reduced to $35.7, unrealized profit has reached $3.28 million, with a return rate as high as 509%. The current liquidation price is $32.78.
Additionally, during the holding period, the whale has repeatedly used about 10% of the funds to establish short-term long positions to capture market rebound opportunities, hedge risks, and enhance returns. This strategy has been relatively effective so far, driving the total account assets to double.
