According to monitoring by Hyperinsight, BTC has continued to decline over the past week, while HYPE has surged against the trend, with the HYPE/BTC exchange rate reaching a historic high of 0.03628. A whale on Hyperliquid has simultaneously held a significant amount of HYPE long positions and BTC short positions for over a month, indicating a bullish stance on the HYPE/BTC exchange rate, with a total position size of approximately 43.28 million USD.
The current position performance is as follows: 20x BTC short position: unrealized loss of 1.24 million USD (-127%), size 19.33 million USD; 10x HYPE long position: unrealized gain of 4.4 million USD (+183%), size 23.95 million USD. After hedging both sides, the net unrealized gain reaches 3.16 million USD, with HYPE strengthening against BTC allowing this combined position to continue realizing profits.
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