The whale betting on BTC to outperform HYPE records another loss, with HYPE’s rebound causing its weekly loss to exceed $1.9 million.

BlockBeats news, April 13th, according to reports, due to a slight pullback in BTC today, HYPE followed the decline and then climbed back above $41. The whale who has long profited from the "betting on BTC to outperform altcoins" long BTC exchange rate strategy is once again under pressure, with a weekly capital drawdown of $1.9 million. This address currently holds:

BTC long positions (40x leverage): Size $30.06 million, average price $70,557;

HYPE short positions (5x leverage): Size $23.03 million, average price $38.93.

This whale began deploying positions during the previous HYPE rally and completed full entry on March 20th, totaling about $53 million. Since the entry, the net loss on both long and short sides is approximately $1.32 million, and the combined positions have not yet achieved positive returns.

Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2