【Whale Tracking】The largest long holder of HYPE is less than $4 away from its liquidation line, and risks liquidating an $82 million position if the price decline continues.

According to Hyperinsight monitoring, HYPE has plunged back to $59.6, logging a 10.5% drop in the past 24 hours. The whale account linked to the alleged "HYPE listing insider" has seen its one-day fund withdrawal expand to $8.9 million. The whale currently holds a 5x leveraged long position of 1.38 million HYPE, with a position value of approximately $82.6 million, an average entry price of $38.67, and a return of around 274.6%. It has maintained a long base position since last October, and has suffered over $4.03 million in funding losses so far. It has repeatedly transferred out floating profits and margin after price rallies; data shows $1.9 million in USDC was withdrawn from the account on July 12. As the account’s margin continues to shrink, its liquidation price has risen further to $55.87. As of press time, the account is valued at roughly $12.28 million, while margin used stands at around $16.536 million. HYPE’s current price is just $3.74 (or 6.5%) away from its liquidation line. If the position and account margin remain unchanged, the $82.68 million long position will enter the liquidation zone when the mark price drops to around $55.88. Note: Withdrawals reduce available margin for cross positions, and the liquidation line fluctuates based on factors including account equity and funding fees. Previous update: "HYPE’s largest long holder" withdrew $9 million in margin, having pocketed over $30 million in cumulative floating profits.