Recently, whales have deployed large-scale hedging positions on the chain, including $30.04 million in BTC long positions and $23.2 million in HYPE short positions, totaling approximately $53 million. As HYPE rises, this portfolio faces losses, with a net loss of about $300k. Previously, this address used a similar strategy to profit $37.1 million across various altcoins.

BTC0,57%
HYPE4,59%
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· 4h ago
Recently, whales have deployed large-scale hedging positions on the chain, including $30.04 million in BTC long positions and $23.2 million in HYPE short positions, totaling approximately $53 million. As HYPE rises, the portfolio faces losses, with a net loss of about $300k. Previously, this address used a similar strategy to profit $37.1 million across various altcoins.
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