[Bitu] On-chain data shows that large investors have been crazily increasing the position in HYPE over the past 15 hours.
This whale directly opened a long position of 638,000 coins with a 5x leverage, which amounts to nearly 20 million USD at the current price. What's even more aggressive is that he also placed a limit order, ready to buy another 200,000 coins in the range of 29.5 to 30.399 USD, which is another 6 million USD in ammunition.
However, the risk is also there - the liquidation price is stuck at $22.72. If HYPE falls below this price, this massive position will have to be liquidated.
From the perspective of operational techniques, this should be an experienced trader. Gradually building positions and setting stop-loss lines are typical strategies for Large Investors entering the market. Now it remains to be seen if HYPE can sustain the expectation of this bullish trend.
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Whale crazily dumped 20 million USD to go long HYPE in 15 hours and is ready to add another 6 million.
[Bitu] On-chain data shows that large investors have been crazily increasing the position in HYPE over the past 15 hours.
This whale directly opened a long position of 638,000 coins with a 5x leverage, which amounts to nearly 20 million USD at the current price. What's even more aggressive is that he also placed a limit order, ready to buy another 200,000 coins in the range of 29.5 to 30.399 USD, which is another 6 million USD in ammunition.
However, the risk is also there - the liquidation price is stuck at $22.72. If HYPE falls below this price, this massive position will have to be liquidated.
From the perspective of operational techniques, this should be an experienced trader. Gradually building positions and setting stop-loss lines are typical strategies for Large Investors entering the market. Now it remains to be seen if HYPE can sustain the expectation of this bullish trend.