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The HYPE/BTC exchange rate has hit a new all-time high, with a whale making a net profit of $3.1 million by longing this rate

57 minutes ago

May 20 Flash Update: Per Hyperinsight Monitoring (t.me/HyperInsight), BTC extended its decline over the past week, while HYPE rallied against the trend. The HYPE/BTC exchange rate hit a new all-time high of 0.03628. A prominent whale address on Hyperliquid has held large parallel long HYPE and short BTC positions for over a month, structured to bet on HYPE/BTC rate upside. Total position size: ~$43.28 million. Current performance breakdown: - 20x Leveraged BTC Short: $19.33M size, Unrealized Loss: $1.24M (-127%) - 10x Leveraged HYPE Long: $23.95M size, Unrealized Gain: $4.4M (+183%) Net unrealized gain after hedging: $3.16M. The sustained outperformance of HYPE versus BTC is driving this position’s profitability. Whale Address: 0xa9b95f2a2e7ef219021efc5c04c32761b8553bbd Additional: The HyperInsight Bot is now live. Add @HyperInsightBot to your community, grant admin rights (enable message sending permission) to auto-sync on-chain data.
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