A whale tracked by Hyperinsight placed 62 HYPE limit sell orders from last night through this morning, clustering the orders between $57.27 and $58.34. The remaining planned sale totals about 320,400 HYPE, with a notional value of roughly $18.461 million and a weighted order price near $57.62. Most of the liquidity sits in a tighter band: 55 orders between $57.27 and $57.74 account for around 273,200 HYPE, or 85.3% of the total posted amount, worth about $15.709 million. Another seven orders are set between $58.22 and $58.34, worth about $2.752 million.
With HYPE trading around $55.42, those orders sit 3.4% to 5.3% above the current price. Hyperinsight said the orders are not position-reduction orders, indicating the whale is waiting for a rebound to increase a short rather than exit for profit. So far, eight orders have been partially filled, selling about 10,400 HYPE for roughly $597,000. The whale currently holds a 5x full-position short of about 71,900 HYPE, valued near $3.985 million, with an average entry price of $57.17, an unrealized profit of about $126,000, and a return of about 15.3%. If all remaining orders are filled, the short would rise to about 392,300 HYPE with a projected blended entry of $57.54 and a total position size of about $22.572 million.
According to Hyperinsight, a whale identified as 0x4e23 placed 62 HYPE limit sell orders from last night through this morning, with prices ranging from $57.27 to $58.34.
$18.461 million in remaining sell orders sits above the market
The whale still plans to sell about 320,400 HYPE through those orders, representing roughly $18.461 million in notional value. The weighted average order price is about $57.62.
Of the total, 55 sell orders are concentrated between $57.27 and $57.74. Those orders cover about 273,200 HYPE, worth roughly $15.709 million, or 85.3% of all posted sell quantity. Another seven orders are placed between $58.22 and $58.34, with a combined value of about $2.752 million.
Orders are positioned 3.4% to 5.3% above the current price
HYPE was trading around $55.42 at the time of the update. That puts the posted sell orders 3.4% to 5.3% above spot. Hyperinsight said the orders are not reduction orders, indicating that the whale is waiting for a rebound to add to a short position rather than take profit and exit.
So far, eight orders have been partially filled, with total sales of about 10,400 HYPE and transaction value of roughly $597,000.
Current short stands at about $3.985 million
The whale is currently running a 5x full-position short on about 71,900 HYPE. The position is valued at around $3.985 million, with an average entry of $57.17, an unrealized profit of about $126,000, and a return of about 15.3%.
If the remaining orders are fully executed, the whale's HYPE short would increase to about 392,300 tokens. The projected blended entry price would be about $57.54, and the total position size would expand to roughly $22.572 million.
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