According to BlockBeats, on March 26, Hyperinsight monitoring showed that the price of HYPE fell back below $40 this morning, and the floating profit of the largest long position in HYPE on the chain, suspected of being related to the listing of HYPE, narrowed from $4.6 million recently to $1.16 million.
It currently holds a 5x leveraged long position in HYPE, amounting to $54.6 million, with an average holding price of $38.67 and a floating return of 11%. The liquidation price recently rose from $27.55 to $30.15, and the current funding rate settlement has recorded a loss of $1.82 million.
It is reported that this address made a large-scale long position in HYPE on October 24th last year, just before its listing on Robinhood, indicating a precise entry point. However, as HYPE approached $50 at the end of October, this address did not take any profit-taking action. During this round of price increases, it remained inactive and did not reduce its position, perhaps intending to hold for the long term and be bullish on HYPE breaking through the $50 mark.
