HYPE/BTC exchange rate hits record high. A giant whale goes long, and the exchange rate has a net profit of US$3.1 million

According to Hyperinsight monitoring, in the past week, BTC has continued to fall and HYPE has bucked the trend. The HYPE/BTC exchange rate has hit a record high of 0.03628. A giant whale on Hyperliquid simultaneously held HYPE long orders and BTC short orders of similar size for more than a month. The position structure points to the long HYPE/BTC exchange rate, with a total position of approximately US$43.28 million. The current position performance is as follows: 20xBTC short orders: floating loss of US$1.24 million (-127%), with a scale of US$19.33 million; 10xHYPE multiple orders: floating profit of US$4.4 million (+183%), with a scale of US$23.95 million. The net floating profit after hedging on both sides reached US$3.16 million. HYPE's strength compared with BTC forced this portfolio position to continue to realize gains. Address: 0xa9b95f2a2e7ef219021efc5c04c32761 b8553bbd-HyperInsightBot is now online. Add @HyperInsightBot to the community and set it as an administrator (you need to turn on sending messages) to automatically synchronize information on the chain.