tradingbeats

According to TradingBeats (formerly Hyperinsight) monitoring, the whale starting with 0xf17 began synchronously selling HYPE spot today and buying to close an equivalent amount of perpetual short positions, planning to continue exiting the carry trade positions. This address previously held HYPE spot and contract short positions at a nearly 1:1 ratio, earning positive funding rates by hedging against price fluctuations. Based on a pre-reduction position of approximately 146,800 units, both legs have now been reduced to about 107,900 units, each decreasing by nearly 39,000 units, a reduction of about 26.5%.Currently, two sets of TWAP orders still in execution plan to handle a total of 90,000 HYPE: approximately 33,200 units have been sold on the spot side, with a transaction amount of about 1.8 million USD; approximately 33,100 units have been closed on the contract side, with a transaction amount of about 1.795 million USD. Including previously completed orders, the current round of contract short positions has cumulatively decreased by about 39,000 units, with the current nominal value of spot and short positions each around 5.87 million USD, and the total scale of both legs approximately 11.74 million USD, reduced by about 4.24 million USD compared to before the reduction.As the whale withdraws, the HYPE carry trade yield has also fallen from its high. According to daily statistics: the cumulative funding rate for HYPE dropped from +0.0279% on August 1 to +0.02227% on August 3, a decrease of about 20.2%; in the last 4 hours: the cumulative funding rate also decreased by 19.1% compared to the previous 4 hours. Based on the current short position size, its daily gross funding income has fallen from about 1,638 USD to 1,308 USD. Weekly statistics: from July 28 to August 3, the cumulative rate was about +0.17803%, down 16.9% from the high week of +0.21425% from July 14 to 20. The HYPE funding rate is currently reported at +0.0013%, with an expected annualized yield of about 10.9%.

According to TradingBeats (formerly Hyperinsight) monitoring, SPCX continued its rebound today, currently reported at $114.69, up 5.5% in 24 hours, and rebounding 9.5% from its low. From yesterday to today, all 7 million-dollar addresses have established long positions in SPCX, currently holding a total of 238,800 shares, with a position value of approximately $27.386 million, a weighted average entry price of about $112, and a total floating profit of approximately $636,000. Among them, the address starting with 0xb37 contributed the largest single entry.This whale has cumulatively bought 147,500 shares of SPCX through 83 transactions since early this morning, with a transaction amount of approximately $16.958 million and a weighted transaction price of about $114.96; currently holding a long position of approximately $16.918 million with 20x leverage, which is its only current position. As of the time of writing, this position has a floating loss of about $40,000 (-5.1%), accounting for 61.8% of the total long positions of the aforementioned 7 addresses. Its liquidation price is $105.43, only about 8.1% away from the current price, close to SPCX's low of $105 last night; if the price falls back to last night's low, this whale will face liquidation risk first.Funding records show that this address received 1.449 million USDC yesterday morning and began establishing long positions in SPCX about 20 hours later. During the position building period this morning, the source address transferred an additional 350,000 USDC to it; the two recent transfers totaled approximately $1.799 million. This address first transferred in about 1 million USDC on July 10 and began trading. Since then, it has traded 21 assets, covering semiconductors, US stock indices, crude oil, and cryptocurrencies, with a cumulative profit of approximately $572,000.