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The BTC/HYPE exchange rate has surged significantly within 24 hours, with a certain whale that went long on this exchange rate making a profit of 900,000 USD
According to monitoring by Hyperinsight, the HYPE price fell by 6.3% during the day, while the BTC/HYPE exchange rate rose by 7% in the past 24 hours, currently reported at 1821.
A whale heavily invested in going long on this exchange rate, claiming "betting long on BTC is more resilient than altcoins," made a daily profit of $900,000. Currently, this address holds: BTC long position (40x leverage): size $31.4 million, average price $70,557; HYPE short position (5x leverage): size $22.58 million, average price $38.93. This address began deploying positions during the last surge of HYPE and completed all positions on March 20, with a total size exceeding $53 million, possibly intending to bet on an overall market decline, with HYPE experiencing a larger drop than BTC. The current net profit of the position is $500,000. Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2.
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