BlockBeats news, December 24, according to Hyperinsight monitoring, over the past 6 hours, ’20 Million Band Hunter’ (0x880a) has been continuously closing short positions in multiple cryptocurrencies including ETH and HYPE. Currently, the ETH short position size is approximately $68.3 million, with an average price of $3,132 and a liquidation price of $3,767; the HYPE short position size is approximately $41.97 million, with an average price of $31.7 and a liquidation price of $34.27. Its total position size is about $111 million, and it is currently the largest short whale for both ETH and HYPE on Hyperliquid.
This address has long engaged in high-frequency multi-currency band trading, with an average holding period of about 20 hours. Since October, it has achieved profits exceeding $104 million with an initial capital of approximately $20 million, with today’s profits reaching $1.3 million.
Previously, the address’s positions were mainly concentrated in short directions for cryptocurrencies such as PUMP, PAXG, and HYPE, accounting for 83.6% of the total holdings. Recently, it has shifted focus to ETH and HYPE short positions, which together account for 98.6% of the total.
