ChainCatcher reported, citing monitoring from Onchain Radar, that as the price of HYPE continues to rise, several HYPE short positions are approaching their liquidation levels. The monitoring data identifies four wallets whose liquidation prices are concentrated between $75 and $76. These positions are currently 1% to 4% away from their respective liquidation lines, and their combined position size is more than $12 million.
Liquidation levels clustered between $75 and $76
The positions highlighted in the monitoring data are HYPE short positions. A short position comes under pressure when the underlying asset price rises, and the distance to liquidation becomes narrower as the price moves closer to the liquidation line. According to Onchain Radar, all four wallets fall into the same liquidation band: their liquidation prices are within the $75-$76 range, and each remains 1% to 4% away from liquidation.
The disclosed combined position size is above $12 million. Because the liquidation levels are close to one another, the continued upward movement in HYPE directly affects the margin buffer of these short positions. The monitoring information focuses on the wallet addresses, the liquidation price range, the percentage distance from liquidation, and the aggregate position size.
Four wallets identified by Onchain Radar
The four wallet addresses listed by Onchain Radar are: 0x37f2af56f635c108aa1324402c17ec0e9e3ee9af, 0x9f07dc88dc450978e5ddf973f6a0236a7cfbf99a, 0xa8cde6a19789e4d7964ce0e3da14aa29291d7275, and 0x7079b5814032c0b02425135f06f32a0084cdf2d2. The HYPE short positions associated with these addresses all have liquidation prices in the $75-$76 interval, according to the monitoring data cited by ChainCatcher.