Today, a whale launched a 3x leveraged long position on Hyperliquid (HYPE) with an entry point of $12.93 and a liquidation price of $4.21. The investor currently holds a floating profit of $13.41 million.
The whale makes a bold bet
The whale’s trading strategy has sparked interest. He used low leverage (3x) to go long and now holds an unrealized profit of $13.41 million, highlighting a risky yet effective trading strategy. The margin (profit) is extensive while the leverage (the 3x position (and even 5x)) is low, making the transaction a smart trade, not a high-risk directional bet. The gamble is ready in his favour. As the price moves upward, the investor stands to reap huge profits.
This activity not only showcases the trader’s market understanding but also highlights the high-profit capability and risks of leveraged trading during the current heightened market volatility.
Currently, the volatility in the Hyperliquid price and the enthusiastic sentiment in the market continue to attract whales’ interest. Such events are normally considered as a strong signal that the market is in an uptrend. This investor’s high-value leveraged transaction could be an indicator that whales are strengthening their positions in Hyperliquid at current levels.
Huge amounts of capital that whales pump into the market can influence the token prices in the short term. This suggests that HYPE could test significant levels in the short-term gain.
HYPE reached new ATH
According to Hyperliquid’s trading chart today, the token’s price is currently standing at $34.84, up 11% from yesterday. Further market analysis shows that earlier today, the asset’s price rose by 17.9%. This surge enabled it to climb to a new ATH of $36.61 after it experienced new records in daily trading fees and open interest.
This is a clear indicator that an increased number of traders are entering the market with big funds. As acquisition continues on a large scale, all eyes are on how these strategic players manoeuver the market’s bullish move.
