🚀 $HYPE Whale Secures $3.1M in Profits!
A top derivatives trader has made a strategic move amid early signs of market recovery.
🔹 In the last 12 hours, the whale wallet began closing short positions on $HYPE and $XMR.
🔹 This action brought an estimated $3.10 million profit, highlighting the effectiveness of their recent short-selling strategy.
🔹 When major players close shorts, it often acts as a price support signal. $HYPE responded strongly with +8.13%, while $XMR shows a modest gain of +0.58%.
As whales take profits and exit shorts, downward pressure eases, possibly hinting at a short-term bottom for $HYPE.
⚠️ This is for informational purposes only and not financial advice. Always research before trading.
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HYPEUSDT
Perp
29.45
-0.78%