Holding 1.38 Million HYPE Long Positions for 8 Months, a Whale Currently Up $18.8 Million and Nearing Liquidation Price

Odaily News: According to on-chain analyst Yu Jin's monitoring, multiple institutions have unstaked and sold HYPE, causing the token to drop from $72 to $52 over the past month, a decline of 28%. A whale holds 1.38 million HYPE in long positions, valued at $72.15 million, with a current liquidation price of $47.6, approximately 9% away from HYPE's current price. This position has been held for 8 months without being closed. It saw an unrealized loss of $26 million at the end of January, reached a peak unrealized gain of $47.46 million in June, and currently remains up $18.8 million. The position is nearing the liquidation price because the whale previously withdrew a significant portion of the unrealized profit as margin.