Trader 'Machi' closes HYPE long with total position of $150.85 million
- —Total perpetual exposure — $150.85 million, all positions long
- —39,800 ETH (~$99.91 million) and 569 BTC (~$44.1 million) in longs
- —86,000 HYPE (~$6.84 million) with 10x leverage being actively closed
- —Unrealized profit $1.05 million against historical loss of $29.43 million
Why it matters: Closing a large HYPE long could increase pressure on the token's price in the short term.
Source: PANews