2025-12-27 15:21:12

A certain Hyperliquid whale's position is quite interesting—long HYPE, short LIGHTER. Currently, the LIGHTER position is in profit, but the HYPE position is deeply underwater, with an unrealized loss of 2.3 million dollars. The question is, how will the market move after LIGHTER goes live? The logic behind this contrasting position is worth pondering.

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AirdropHunterZhang

· 7h ago

This big player probably went all-in and got caught, still daring to hold HYPE with a floating loss of 2.3 million. Their mental resilience is really strong. If LIGHTER were to launch and immediately pump the price, HYPE might be forced to chase the high and cut losses, and that would be true "harvesting" then. By the way, this kind of reverse position is actually just gambling on regulatory arbitrage. It's been seen through long ago.

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HodlTheDoor

· 7h ago

This big shot probably bets that LIGHTER won't take off, but ended up losing everything haha

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