Whale HYPE long positions fully closed, currently holding 10,100 ETH, with recent short-term pressure.

【Chain News】On-chain data shows that a well-known trader recently made a major position adjustment—his 10x leveraged HYPE long position has been fully closed. However, this major holder has not completely exited the market and still maintains a long position of 10,100 ETH, worth approximately $31.9 million.

In terms of profit and loss, the account has gained about $686,000 in the past 24 hours, but over a longer time frame, there was a loss of about $797,000 in the past 7 days. This indicates that although there was a short-term rebound, the overall trading result for the week was still negative.

This strategy of closing leveraged longs while retaining spot longs usually reflects a cautious attitude of traders towards short-term market volatility—neither fully bearish nor fully bullish, while controlling leverage risk. From the recent loss data, the market trend in the past few days has clearly not developed in the direction expected by the major holder, and the retained ETH spot position has become his baseline for continued participation.