After making $2.28 million profit, a whale has turned bearish, opening a 5x short position on HYPE worth $13.6 million

Odaily Planet Daily reported that according to Onchain Lens monitoring, a whale closed its long position on HYPE, making a profit of $2.28 million. Subsequently, the whale opened a 5x short position on HYPE worth $13.6 million. The whale also sold 40,000 HYPE for $2.85 million, but still holds 150,000 HYPE, with a position value of approximately $10.75 million, and a spot profit of $6.4 million.