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BlockBeats news, July 17, according to Hyperinsight monitoring , as of press time, HYPE hit a low of $58.781, a 10% retracement from its intraday high, and is now trading at $59.2, down 11.2% from the previous day.
A whale (0x4e2) created 60 HYPE Limit Buy orders early this morning in the price range of $20 to $40, planning to buy 666,700 HYPE with a notional value of approximately $20 million. The weighted Avg. Price is $30, and the highest buy price is still 32.5% lower than the current price.
The whale's account holds $40.2 million in funds and currently only holds 4,218 HYPE short positions, valued at approximately $250,000. If the buy orders Execute, the existing short positions will be closed, and the whale will flip to hold approximately 662,400 HYPE long positions.
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