BlockBeats News, March 25 — According to Hyperinsight monitoring, HYPE surged over $40 today but then entered a tug-of-war between bulls and bears. Two major on-chain whales opened positions within a narrow liquidation price range.
Within the past hour, a whale starting with 0xfaa opened a short position on HYPE with 10x leverage, holding $1.03 million worth at an average price of $40.22, with a liquidation price of $42.17. The position currently has a small unrealized profit of $5,300 (5%).
Additionally, another whale (0x965) opened a long position at a similar average price over the past few hours, with a position size of $4.7 million and a liquidation price of $38.1. It is currently unrealized at a loss of $33,000 (-7.4%), facing off against the former in a long-short battle.
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