HYPE Whale Plan to Bounce Back, Places $18 Million Sell Order Above $57

July 28th, according to Hyperinsight Monitor data, 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, planning to sell about 320,400 tokens, with a nominal value of approximately $184.61 million, and a weighted average order price of around $57.62.

Among them, 55 sell orders were concentrated in the range of $57.27 to $57.74, with a remaining quantity of about 273,200 tokens, amounting to around $157.09 million, accounting for 85.3% of all sell orders; there are also 7 orders ranging from $58.22 to $58.34, totaling approximately $2.752 million.

HYPE is currently trading at around $55.42. The above sell orders are 3.4% to 5.3% higher than the current price, and all are non-unwinding orders, indicating that the whale is waiting for a price rebound to continue adding to their short position rather than exiting for profit-taking. Currently, 8 orders have been partially filled, selling about 10,400 tokens in total, with a transaction amount of around $597,000.

The whale is currently short 71,900 HYPE tokens with a 5x leverage, with a position value of approximately $39.85 million, an average entry price of $57.17, an unrealized profit of about $126,000, and a return rate of around 15.3%.

If the remaining orders are all executed, their HYPE short position will increase to about 392,300 tokens, with an estimated comprehensive average entry price of around $57.54, expanding the position size to approximately $225.72 million.

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