The mysterious whale that started short HYPE yesterday and had some of its short positions liquidated has continued to add to its HYPE short positions...
TL;DR
A mysterious whale increased its HYPE short position by 700,000 contracts, raising liquidation risk to near current prices. It now holds 2.1 million shorts worth $67.1M, after partial liquidation yesterday.
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On November 25, according to @mlmabc's monitoring, a mysterious whale that had been partially liquidated after short HYPE added about 700,000 HYPE contracts (US$22.2 million) to its short position, pushing its liquidation range to the US$33.37-US$33.57 range, only about 5% higher than the current price.
As of press time, the address is still adding to its short position. It currently holds 2.1 million HYPE short positions (worth $67.1 million) with a margin of $6.9 million.
The whale began a large short in HYPE yesterday (worth $51.65 million), which was partially liquidated eight hours ago. Its address points to a SOL and ETH wallet with the domain "okwan," and is associated with the Solana ecosystem token WOULD.