A Certain Whale Has Held a Short Position on HYPE for Over a Year Without Closing It, with Unrealized Losses Exceeding $23 Million

October 13th, according to TradingBeats monitoring, the Hyperliquid whale address 0x45d2…4029 holds approximately 433,100 HYPE short positions. Based on the latest reference price, the position value is approximately $35.54 million, using 10x cross margin leverage, with an average entry price of approximately $28.79. The current unrealized loss is approximately $23.07 million, with a position return rate of approximately -1850%.

This address began shorting HYPE as early as September 2025, and has adjusted its position multiple times over the past year, still holding a large short position to date. As of press time, HYPE perpetual contracts on Hyperliquid are temporarily reported at approximately $82.06, about 185% higher than the address's average entry price.