Data: HYPE/BTC exchange rate hits an all-time high, a certain whale profits $3.1 million from going long on this exchange rate
According to monitoring by Hyperinsight, BTC has continued to decline over the past week, while HYPE has surged against the trend, with the HYPE/BTC exchange rate reaching a historic high of 0.03628. A whale on Hyperliquid has simultaneously held a significant amount of HYPE long positions and BTC short positions for over a month, indicating a bullish stance on the HYPE/BTC exchange rate, with a total position size of approximately 43.28 million USD.
The current position performance is as follows: 20x BTC short position: unrealized loss of 1.24 million USD (-127%), size 19.33 million USD; 10x HYPE long position: unrealized gain of 4.4 million USD (+183%), size 23.95 million USD. After hedging both sides, the net unrealized gain reaches 3.16 million USD, with HYPE strengthening against BTC allowing this combined position to continue realizing profits.
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