The HYPE's largest long position unwound a $7.4 million unrealized gain, with the funding rate cost resulting in a net loss of $2.2 million.

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BlockBeats News, May 14th, according to Hyperinsight monitoring, the HYPE price once again fell below $39. On-chain data indicates that the largest long position in HYPE, suspected of being privy to a potential HYPE listing, has unwound approximately $7.4 million in unrealized gains over the past week, with the current price falling back to near its cost basis. Coupled with a total of $2.33 million in funding rate losses, the account has incurred a net loss of about $2.2 million.

Last night, the whale injected an additional $2 million in collateral into the account, lowering the liquidation price from $36 to $34.69. The address currently holds a 5x leveraged HYPE long position worth $53.46 million, with an average entry price of $38.67. The current unrealized profit is approximately $70,000 (+0.6%).

Address: 0x082e843a431aef031264dc232693dd710aedca88

출처:BlockBeats

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