Monitoring data cited by Odaily shows that watershedpath is holding a HYPE long position valued at $11.2 million with 5x leverage, and the trade is sitting on roughly $58 million in unrealized profit. The position’s average entry price is $38.68, while HYPE is currently trading at $81.38, close to double the entry level. The address has continued to hold the position and has not taken profit so far, according to the monitoring update. The trade is described as one of the largest one-way HYPE positions on Hyperliquid. The same update also said watershedpath’s cumulative profit on the platform has surpassed $50 million, underscoring the scale of the trader’s activity on Hyperliquid.
Odaily reported, citing monitoring data from watershedpath, that watershedpath is holding a HYPE long position worth $11.2 million with 5x leverage and about $58 million in unrealized profit.
The position has an average entry price of $38.68, while the current price stands at $81.38, nearly twice the entry level. The address has continued to hold the trade and has not taken profit so far.
The position is also described as one of the largest one-way HYPE bets on Hyperliquid. The monitoring update added that watershedpath’s cumulative profit on the platform has exceeded $50 million.
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