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The mysterious whale who shorted ASTER to earn tens of millions made another move: ETH made a crazy profit of 1.9 million, but HYPE lost 5.4 million
The mysterious whale who openly rebelled with CZ and made $10.66 million by shorting ASTER has recently made a big move.
In the early hours of this morning, this guy directly placed a ruthless order at $3,888 - a limit sell order of 10,000 ETH. You know, he still holds about 9,802 ETH of 20x leveraged long orders, and the book profit has exceeded $1.905 million. This wave of operations is somewhat of a bit of a left and right fight.
What’s even more interesting is HYPE’s riotous operation. Two days ago, he placed a total of about 1.706 million HYPE sell orders in five batches in the range of $57.78-57.788, and this morning he backhanded about 162011 HYPE (5x leverage). Now his total HYPE holdings have swelled to about 2.157 million, but this position is currently losing more than $5.4 million - the books are red and purple.
While ETH is making a lot of money, HYPE is losing a lot of money, what is this giant whale playing? Is it a hedge or another layout? On-chain data doesn’t lie, but this operation idea is really confusing.