A certain whale has made a floating profit of $2.5 million from shorting BTC and ETH since November last year, while its short position in HYPE has a floating loss of over $1 million.

CoinFeed reported on May 31 that, according to on-chain analyst Ai Yi, address 0xc72…0517c established short positions in BTC, ETH, and HYPE since mid-November last year. The current value of the BTC and ETH short positions is approximately $7.321 million, with a combined unrealized profit of approximately $2.5 million; while the current value of the HYPE short positions is approximately $1.7 million, with an unrealized loss of approximately $1.029 million. Overall, the address still has an unrealized profit of approximately $1.471 million. If this address were to allocate a larger short position in HYPE, its overall returns would likely be significantly eroded.