Whale Tracking: HYPE’s diehard short sellers increase holdings to $48.8 million, liquidation price at $101.

According to TradingBeats monitoring, the address starting with 0xf02, nicknamed "HYPE Ironhead Air Force", is currently shorting 607,100 HYPE with 5x leverage, holding a position worth approximately $48.8 million at an average entry price of $81.36, reclaiming its status as one of the largest HYPE short positions in the market. As of press time, HYPE trades at $80.37, down about 3.08% in 24 hours. The whale’s unrealized profit stands at roughly $600,000, with a return rate of around 6.1%, and its liquidation price is $101.30. The position expanded further this morning: between 1:14 and 1:30, the address sold 202,200 HYPE at an average price of ~$83.21, totaling ~$16.824 million, boosting the short position by nearly 50%. This new short position has generated ~$574,000 in unrealized profit at current prices, contributing the majority of the whale’s current paper profit. The whale has repeatedly shorted HYPE before, completing 11 HYPE short rounds with 8 wins and 3 losses, though its cumulative net loss still amounts to ~$3.348 million, plus ~$105,000 in fees. Its last large short position ended on August 21, closing out 564,200 HYPE with a loss of ~$2.096 million. Earlier news: Two whales planned to short $42.2 million worth of HYPE.