Whale has invested an additional 1.8 Million in the Altocin Short on Gate.io: Liquidation Risk is Near! - Coin Bulletin

Koinbulteni · 2025-05-08T12:04:37+00:00

A crypto whale adds $1.8 million to its losing HYPE short position, totaling $29.1 million with 5x leverage. The risky "double down" strategy aims to lower the average cost. This whale's moves are significant indicators for the crypto market, according to Spot On Chain.

Koinbulteni

2025-05-08 12:04:37

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A crypto whale is continuing its risky strategy by adding another 1.8 million dollars to its losing HYPE short position.

According to the report of the Spot On Chain platform, the investor in question strengthened the losing short position by investing 1.8 million dollars worth of USDC into the Hyperliquid platform. The whale transferred a total of 10.36 million dollars over the past week, creating a position with 5x leverage, and the current value of this position reached 29.1 million dollars.

According to the report, the investor is currently facing 1.24 million dollars in unrealized losses and their position will be liquidated when the price of the HYPE token reaches 25.01 dollars. This strategy is known in the market as “double down” and aims to reduce the average cost by investing more money into a losing position.

Spot On Chain indicates that the movements of this whale could be an important indicator for the crypto market and suggests its users to closely monitor this wallet.

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