HYPE short whale plans to add more positions on a rebound, placing $18 million in sell orders above $57

According to monitoring by Hyperinsight, a whale (0x4e23) has placed 62 HYPE limit sell orders from last night to this morning, with prices ranging from $57.27 to $58.34. The remaining planned sell volume is approximately 320,400 tokens, with a notional value of about $18.461 million and a weighted average order price of approximately $57.62.

Among these, 55 sell orders are concentrated between $57.27 and $57.74, with a remaining quantity of about 273,200 tokens, valued at approximately $15.709 million, accounting for 85.3% of all placed orders. Another 7 orders are priced between $58.22 and $58.34, valued at about $2.752 million.

HYPE is currently trading at approximately $55.42. These sell orders are 3.4% to 5.3% above the current price, and none are reduction orders, indicating that the whale is waiting for a price rebound to add more short positions, rather than taking profits and exiting. Currently, 8 orders have been partially filled, with a cumulative sale of about 10,400 tokens, totaling approximately $597,000.

This whale is currently fully shorting approximately 71,900 HYPE with 5x leverage, with a position value of about $3.985 million. The average entry price is $57.17, with an unrealized profit of approximately $126,000, representing a return rate of about 15.3%.

If all remaining orders are filled, the whale's HYPE short position will increase to approximately 392,300 tokens, with an expected composite average entry price of about $57.54, and the position size will expand to approximately $22.572 million.