【Whale Watch】 The biggest HYPE long position is less than $4 away from liquidation. If the decline continues, it may trigger the liquidation of a $82 million position.

BlockBeats News, July 17th, according to Hyperinsight monitoring, HYPE plummeted back to $59.6, with a 24-hour drop of about 10.5%. The "Suspected HYPE Listing Insider Trading" whale account's daily fund withdrawal has expanded to $8.9 million.

The whale is currently 5x long 1.38 million HYPE, with a position value of approximately $82.6 million, an entry price of $38.67, and a return of about 274.6%. Since last October, it has continuously maintained a long position, and the funding rate has now lost over $4.03 million.

It has repeatedly transferred out unrealized profits and margins after each surge. Data shows that on July 12th, another $1.9 million USDC was withdrawn. As the account's margin continues to decrease, its liquidation price has further risen to $55.87.

As of the time of writing, the account is valued at approximately $12.28 million, with a margin of around $16.536 million. The current HYPE price is only about $3.74 or about 6.5% away from the liquidation line. If the position and account margin remain unchanged, once the mark price falls to around $55.88, this $82.68 million long position will enter the liquidation zone.

Note: Withdrawals will reduce the fully margined position's available margin, and the liquidation line will also change with factors such as account equity and funding rates.

Previous News: "Largest Long in HYPE" Withdraws a Significant $9 million Margin, With Accumulated Profits Exceeding $30 million