On-chain HYPE main long positions are all deeply trapped, with the top holder "suspected of insider trading for HYPE listing" facing a floating loss of 21.3 million dollars

According to monitoring by HyperInsight, the top 30 long whales on the chain are currently experiencing significant losses. The largest long position is still held by the "suspected HYPE coin listing insider" whale (0x082e), with a current position size of approximately $31.9 million, an average price of 38.67, and an unrealized loss of $21.3 million (-337%), with a liquidation price of about $20.13.

Previously, on December 18, the whale that "suffered a $26 million liquidation in HYPE longs" is now the second largest long position on the chain, with a current position size of approximately $13.06 million, an average price of 38.67, and an unrealized loss of $4.61 million (-177%), with a liquidation price of about $21.3.

The whale closest to liquidation with a position size in the tens of millions is the address starting with (0x1c2), which currently has a liquidation price of $22.32, just 2.87% away from liquidation, with a position size of approximately $11.14 million and an unrealized loss of $910,000 (82%). It is worth noting that this address also holds BTC long positions in a full margin mode, which have also fallen into significant unrealized losses and are nearing liquidation. Since both positions share margin, if the relevant cryptocurrencies drop more than 2% simultaneously, this address will likely face a high risk of liquidation.