Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Whale HYPE high leverage operation: re-enter with $7.9 million 10x long position after taking profit
【Chain News】Interesting on-chain data has emerged. The recent activity of address 0x38fd is worth noting—first closing a long position in HYPE, successfully securing a profit of $249,000. Not long after, this trader reopened a 10x leveraged long position of 321,484 HYPE tokens within the past two hours, involving an amount as high as $7.9 million.
This kind of operation—taking profits and immediately re-entering a large position—indicates a continued bullish outlook on HYPE. However, using 10x leverage also carries significant risks, and one must keep a close eye on stop-losses and risk exposure.
---
$7.9 million with 10x leverage, one pullback and it's gone, but he definitely has guts.
---
This is called hitting the iron while it's hot. The problem is that the timing has to be just right, or you'll get liquidated in the blink of an eye.
---
It's a typical gambler's mentality—winning and wanting more, but often ending up losing even worse.
---
Turning a profit of 249,000 and then throwing it all in. If the market moves against you, it's gg. But if someone dares to play like this, they must have a trick.
---
NGL, this guy is really confident about HYPE, but I really can't play with 10x leverage.
---
Adding to the position after taking profit. This move looks like a HODL strategy—either big gains or a wipeout.
---
There's a bit of gambling involved, but on-chain whales usually have an informational advantage with this kind of move.
---
That's why most people end up failing—their greed is insatiable, like a snake swallowing an elephant.
Wait, 7.9 million in heavy position opened in just two hours? You must be very confident to operate like this.
Taking profit is one thing, but going all in? I really can't understand this strategy.
Leverage, huh? When you're making money, you're the chosen one; when you lose, you lose everything, even your underwear.
But on the other hand, people who dare to play like this do have ideas about the market. Just hope they don't get liquidated.
If this wave doubles, it will be a legendary story; if not, it will just be a wipeout.
If this big player gets liquidated, I'll die laughing. Still trying to take profits and add leverage to double up—greed.
Waiting to see the result, either get rich or eat noodles, no middle ground.