[HYPE price drops 28%, whale liquidation price nears $47.6] Several institutions have unstaked and sold HYPE, causing its price to drop from $72 to $52 over the past month—a 28% decline. At $52, it’s getting closer to the liquidation price of $47.6 for the whale we’ve been keeping an eye on, who holds a long position of 1.38 million HYPE ($72.15M). Just 9% away from HYPE’s current price—let’s hope his position doesn’t get liquidated this time . He’s been holding this position for 8 months without closing it, riding a rollercoaster the whole time. Back in late January, he was at an unrealized loss of $26M and almost got liquidated, but by June, his unrealized profit peaked at $47.46M. Now the price is dropping again, nearing his liquidation price. That said, his position is still sitting on an unrealized profit of $18.8M. Why is it so close to liquidation despite the profit? Because he’s withdrawn a significant amount of margin from his unrealized gains earlier. Address: https://(hypurrscan.io)/address/0x082e843a431aef031264dc232693dd710aedca88 perps -------------------------------------------------------------------------- Bitget: Join and you’re VIP! Crypto, US stocks, CFDs—global opportunities all in one place.