#鲸鱼囤币
Is a bear market about to arrive? All kinds of whales are taking risks.
The market is turbulent, how should retail investors protect themselves?
Will they become a sacrifice for some whale?
Whale trading activity (within 17 hours):
Deposited funds: Deposited 3.92 million USDC into the derivatives platform Hyperliquid.
Purchased spot: Spent about 3.53 million USD to buy 241,876 HYPE, with the current unit price around 14.6 USD.
Opened leveraged long position: Bought 320,333 HYPE at a price of 14.46 USD using 3x leverage.
Set limit order: Placed a limit buy order for 5,080 HYPE at a price range of 14.05-14.15 USD, intending to accumulate at a lower price).
Current position status: Total loss of 1.47 million USD (-29.4%) from spot + leveraged long position.
If the HYPE price continues to drop, the leveraged position may trigger forced liquidation (margin call).
What is the whale betting on?
Short-term rebound expectation: The HYPE price has recently dropped, and the whale believes it is oversold, doubling down on the price increase through "spot buying + leveraged long".
Cost dilution strategy: Set a limit buy order around 14 USD; if the price continues to drop, they can buy at a lower cost to lower the average holding price.
Why not run away even after losing 29%?
Holding mentality: Large fund players often believe that "after a big drop, there will be a rebound," especially when using leverage, they are reluctant to take a loss and exit, fearing to sell at the bottom price).
Financial advantage: Out of the 3.92 million USD capital, only 3.53 million was used for purchases; the remaining funds may be used for averaging down or resisting volatility.
The risk amplification effect of leverage
3x leverage means: If HYPE drops by 33%, the entire capital is lost (the current drop is 29.4%, already close to the liquidation threshold).
Even if the price rebounds by 10%, the whale can only break even, unable to make a profit (interest on leverage must be paid).
Whales may collaborate with project parties to release positive news to attract retail investors to follow suit and drive up the price.
If market sentiment remains low, whales may "reverse their position to short" and dump to stop losses, leaving retail investors as the bag holders.
In the cryptocurrency market, retail investors' information is always half a beat slower than that of large holders, protecting capital is more important than following trends.
