HYPE bears were counterattacked, earning $282000 in the early stage, but now losing over $3.2 million
AiCoin's on chain data shows that 0xf02d... 54c6 has recently clearly caught up with HYPE's short positions. From 09:16 on August 21 to present, the address has completed 41700 transactions around HYPE, with a cumulative shortfall of $148 million and a shortfall of $139 million, resulting in a loss of $3.6175 million. Before this round, he was quite adept at doing HYPE. Since July, several profitable short positions have earned a total of $2.8238 million, with two large positions earning $1.4889 million and $1.3165 million respectively. The turning point occurred in mid to late August: on August 18th and 20th, two HYPE short positions lost $336600 and $2.0855 million respectively; In addition, with a total loss of 3.6175 million US dollars from August 21st to present, the recent short selling of HYPE has resulted in a cumulative loss of 6.0396 million US dollars. Not only has it basically wiped out previous profits, but the overall situation has clearly reversed, with a net loss of approximately 3.22 million US dollars. But this address has not been closed. At present, there are still 162900 HYPE short positions worth $13.6914 million, with a cost of $82.606 and a floating loss of $236900. At the same time, he also placed 483 HYPE sales orders, totaling approximately 80000 HYPE and 6.98 million US dollars, with prices ranging from $83 to $95, and none of them were reduce only. If these orders are fulfilled one after another, there is still a possibility for the existing empty positions to continue expanding. From the perspective of trading rhythm, this whale is not simply passively holding positions after being trapped, but repeatedly adjusting costs through high-frequency reduction and short positions after consecutive losses. Whale address: 0xf02d16a272a842f8bac1d9a9e773aba1933454c6
