"The '20 Million Range Hunter' Takes Profit in Batches on HYPE and XPL Shorts, Profits Reaching $30.5 Million in the Past Week"

BlockBeats News, January 9th, according to Coinbob Popular Address Monitor, in the past 6 hours, the "20 Million Band Hunter" (0x880a) has gradually closed out HYPE and XPL short positions. Currently, the HYPE short position held is approximately $38.2 million, with an average price of $31.3, a liquidation price of $42.7, now being the largest bear whale on HYPE on Hyperliquid.

Previously, the address was highly concentrated in ETH and HYPE short positions, totaling up to 98.6%. Recently, it has diversified some funds into short positions of currencies such as BTC, SOL, kPEPE, and the total account position has increased from $111 million 10 days ago to the current $149 million. The main holding information is as follows:

12x ETH long: holding approximately $62.89 million, average price $3108, floating profit $400,000;

5x HYPE long: holding approximately $37.6 million, average price $31.3, floating profit $8.33 million;

11x BTC long: holding approximately $14.76 million, average price $91,800, floating profit $250,000;

The address has been engaged in high-frequency multi-currency arbitrage trading for a long time, with an average holding period of about 20 hours. Since October, it has realized nearly $100 million in profit with about $20 million in capital. Due to this morning's market surge, its intraday floating profit retreated by approximately $9.55 million, still holding a floating profit of about $9.5 million, with a profit of $30.5 million in the past week.