HYPE short whale plans to add to short positions on rebound, placing $18 million sell orders above $57.

According to Hyperinsight monitoring, a whale (0x4e23) placed 62 HYPE limit sell orders in a concentrated manner from last night to this morning, with prices ranging from $57.27 to $58.34. The remaining planned sale volume is approximately 320,400 tokens, with a notional amount of about $18.461 million and a weighted order price of approximately $57.62. Among these, 55 sell orders are concentrated between $57.27 and $57.74, with a remaining quantity of approximately 273,200 tokens and an amount of about $15.709 million, accounting for 85.3% of the total order quantity; another 7 orders are located between $58.22 and $58.34, with an amount of about $2.752 million. HYPE is currently quoted at approximately $55.42. The aforementioned sell orders are 3.4% to 5.3% higher than the current price, and none are position reduction orders, indicating that the whale is waiting for a price rebound to continue adding short positions, rather than taking profits and exiting. Currently, 8 orders have been partially filled, with a cumulative sale of approximately 10,400 tokens and a transaction amount of about $597,000. The whale is currently shorting approximately 71,900 HYPE with a 5x full position, with a position value of about $3.985 million, an average entry price of $57.17, an unrealized profit of about $126,000, and a return rate of approximately 15.3%. If all remaining orders are filled, its HYPE short position will increase to approximately 392,300 tokens, with an estimated comprehensive average entry price of about $57.54.