A certain whale's HYPE short position has a floating return rate of over 500%, and during the holding period, it repeatedly opened long positions in the opposite direction to earn banded profits.

On December 24, according to Coinbob’s popular address monitoring, the HYPE short position of the 0xd16 whale has realized significant gains. Since November, this address has opened short positions near $39 and continuously rolled over, currently holding approximately $6.43 million in positions, with an average cost basis lowered to $35.7. The unrealized profit has reached $3.28 million, with a return rate of 509%. The current liquidation price is $32.78. Additionally, during the holding period, the whale repeatedly used about 10% of its funds to establish short-term long positions to capture market rebound opportunities, hedge risks, and enhance returns. This strategy has been quite effective so far, doubling the total assets in its account.