Golden Finance reports that Onchain Lens monitoring data reveals another major move by a “whale” in the crypto market. After a whale deposited 8 million USDC into HyperLiquid, it spent 4.26 million US dollars to purchase 100,000 HYPE at a price of 42.58 US dollars each and quickly used them for staking. Meanwhile, the whale was also making a two-way long and short position in the market. It shorted HYPE with 10 times leverage, SPX with 5 times leverage, and FARTCOIN with 3 times leverage. At the same time, it held short positions in SOL, TRUMP, SUI, and BONK, and held spot VAPOR. Remarkably, after this complex operation, the whale has earned more than 28 million US dollars in total.
This whale’s operation on HYPE has drawn high attention from the market. As a token in the crypto market, the price fluctuation of HYPE is influenced by multiple factors. Whale purchased 100,000 HYPE tokens for 4.26 million US dollars and staked them. On the one hand, the staking behavior usually indicates that investors are optimistic about the long-term value of the token, expecting to obtain additional returns through staking, while reducing the market circulation. Theoretically, this helps stabilize or push up the token price. On the other hand, the whale shorted HYPE with a 10-fold leverage. Behind this seemingly contradictory operation, there might be a complex arbitrage strategy. It is possible that the whale believes that HYPE has a short-term price correction space and makes a profit from the price difference through leveraged short selling. However, in the long term, it still has optimism about its development. Therefore, it has staked some tokens to wait for the value to grow, attempting to maximize returns in different time dimensions.
In the operation of other assets, Whale’s long-short combination strategy fully demonstrates its unique judgment on market trends.
Shorting SPX with a 5x leverage, SPX, as the S&P 500 index, reflects the overall performance of the US stock market. Whales shorting SPX may be based on their analysis of the macroeconomic situation, the US stock market bubble and other factors, believing that the stock market will face downward pressure in the short term. Leverage 3 times to short FARTCOIN. Such emerging tokens often experience sharp price fluctuations. Whales, relying on their grasp of market sentiment and the token’s fundamentals, amplify their gains through leverage. In addition, holding short positions in popular tokens such as SOL, TRUMP, SUI, and BONK indicates the cautious attitude of whales towards the future trend of these crypto assets, perhaps believing that their current prices are overvalued and there is a risk of decline. The spot VAPOR held in hand might be the token that the whale believes has the potential to rise against the trend, or it could be used to hedge the risks of other short positions.
Every move made by whales in the crypto market may have a chain reaction on the market. Its large-scale purchase and staking of HYPE may trigger a rush to buy in the short term, pushing up the price of HYPE. If the long and short leverage operation triggers market fluctuations, it may prompt other investors to adjust their positions, intensifying the rise and fall of the related token prices. For instance, previously in the market, there was a situation where whales sold off a certain token in large quantities, causing the token’s price to plummet instantly and triggering panic selling. The whale’s profit of over 28 million US dollars this time has attracted the attention of many investors, which may prompt more funds to flow into the crypto market. At the same time, it has also sparked in-depth discussions in the market about its operation strategy and judgment logic.
At present, the crypto market is changing rapidly. Whether this whale will adjust its position in the future and whether its operation strategy will continue to be effective are all full of uncertainties. All market participants are closely watching the next move of this whale and the potential impact of its trading activities on the crypto market. For ordinary investors, although whale’s operations have certain reference value, the risks in the crypto market are extremely high. It is necessary to carefully formulate investment strategies in combination with one’s own risk tolerance and investment goals, and avoid blindly following the trend.
Related Topics:
