A whale has gone heavily long on HYPE at the $38.6 level, directly investing 1.38 million tokens, with a total value exceeding $41.36 million.
The result? They are already down $12.01 million on paper. Even more intense, the liquidation price for this position is locked at $23.7—meaning if HYPE drops another 38% or so, this massive long position will be liquidated.
If a position of this size gets force-liquidated, it could have a significant impact on market liquidity. It’s worth keeping a close eye on HYPE’s upcoming price action and this address’s movements.
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SmartContractPlumber
· 12-10 03:17
It's the same old way again, big funds choose the wrong direction to smash the market, 38 yuan high to take over is really ...... Why bother? The liquidation line 23.7 is simply a ticking time bomb, once the liquidity is triggered, it will be sucked into the blood every minute, and it will depend on who has the last laugh.
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DataChief
· 12-09 14:12
Ha, this guy is really going big this time, put in over 40 million and is now down 12 million... The liquidation line is still so close, feels like it's about to blow up.
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MetaEggplant
· 12-08 04:53
Wow, this guy must be feeling terrible, lost 12 million after putting in over 40 million...
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If HYPE really drops below 23.7 this time, it'll be a domino effect, and liquidity will disappear instantly.
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I just want to know if this dude is praying right now or smashing his phone?
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How many retail investors will get wiped out along with this kind of liquidation...
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At this rate, a 38% drop isn't impossible. Let's see how many more days HYPE can hold out.
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PumpDoctrine
· 12-08 04:53
Damn, spent over $40 million at $38.6, now directly down $12 million? This whale is seriously bold—no, not bold, just foolish.
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ZkProofPudding
· 12-08 04:53
Oh my, this guy is really throwing money around... over 40 million all-in at once.
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RooftopVIP
· 12-08 04:53
Another big sucker, put in over 40 million and lost 12 million right away. What’s the point of this? Seriously.
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StableGenius
· 12-08 04:50
ngl this is exactly what happens when whales confuse conviction with recklessness... 38% drop til liquidation? that's not a margin trade, that's a leverage roulette wheel. empirically speaking, these cascading liquidations are how flash crashes actually happen.
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SchroedingerMiner
· 12-08 04:44
Oh no, it's another story of buying at the top. Threw in $41.36 million and now down $12.01 million—this must hurt so much.
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GateUser-7b078580
· 12-08 04:41
Data shows this guy directly incurred a loss of 12.01 million... Let's wait and see if it can rebound to the historical low. However, the liquidation line at 23.7 is a bit risky—if you look at it on an hourly basis, he might not make it through this round of decline.
A whale has gone heavily long on HYPE at the $38.6 level, directly investing 1.38 million tokens, with a total value exceeding $41.36 million.
The result? They are already down $12.01 million on paper. Even more intense, the liquidation price for this position is locked at $23.7—meaning if HYPE drops another 38% or so, this massive long position will be liquidated.
If a position of this size gets force-liquidated, it could have a significant impact on market liquidity. It’s worth keeping a close eye on HYPE’s upcoming price action and this address’s movements.