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Whale accounts' ETH and HYPE positions turn profitable, with a floating profit of $250,000
【Crypto World】On December 17th, on-chain data revealed an interesting change. As the crypto market experienced a short-term rally, a whale account holding ETH and HYPE positions finally turned a profit. The unrealized gains are approximately $250,000 — a decent rebound.
Specifically, this account heavily bet on ETH: a 25x leveraged long position of 4,300 ETH, with a liquidation price set at $2,717. On the other side, a 10x long position in HYPE holds 20,888 tokens, which is comparatively less risky. Such high-leverage positions are very sensitive to market fluctuations. Whether this rebound can continue and the future trend will be crucial.