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

TechFlow News, July 28, according to Hyperinsight monitoring, a whale (0x4e23) concentratedly placed 62 HYPE limit sell orders from last night to this morning, with prices ranging from $57.27 to $58.34, remaining planned sale of approximately 320,400 tokens, notional amount approximately $18.461 million, weighted order price approximately $57.62.

Among them, 55 sell orders are concentrated between $57.27 and $57.74, remaining quantity approximately 273,200 tokens, amount approximately $15.709 million, accounting for 85.3% of the total order quantity; another 7 orders are located between $58.22 and $58.34, amount approximately $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, meaning 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, cumulatively sold approximately 10,400 tokens, transaction amount approximately $597,000.

The whale is currently shorting approximately 71,900 HYPE with 5x full position, position value approximately $3.985 million, average entry price $57.17, unrealized profit approximately $126,000, return rate approximately 15.3%.

If all remaining orders are filled, their HYPE short position will increase to approximately 392,300 tokens, estimated comprehensive average entry price approximately $57.54, position size will expand to approximately $22.572 million.