BlockBeats News, June 1st, according to Hyperinsight monitoring, in the past 2 days, following the continuous expansion of the HYPE whale's largest long position "suspected HYPE listing insider information" in unrealized gains, there has been a continuous large-scale withdrawal of released collateral, totaling $9 million withdrawn at the time of writing.

This round of withdrawals has caused the liquidation price to rise to $52.8, with the expected price not likely to fall below this level in the short term. The address is currently long 1.38 million HYPE with 5x leverage, with a position value of approximately $101 million, an entry price of $38.67, and an unrealized gain of $47.9 million (+236%).

Since HYPE rebounded from $20.4 in January, after each significant price surge, there have been substantial withdrawals of unrealized gains on collateral, accumulating withdrawals of over $30 million so far, and the liquidation price has been continuously raised from the low of $20.1.

The position was first established on October 23 last year (just before HYPE was listed on Robinhood), and has been held without closing to this day, instead continually withdrawing realized gains from the collateral in a de facto profit-taking manner.

Address: 0x082e843a431aef031264dc232693dd710aedca88