一條精明的鯨魚在購買時縮短了炒作令牌

這條精明的鯨魚正在宣傳和購買。鏈上數據顯示了投資者如何存入驚人的1123萬美元

A crypto whale has been spotted shorting HYPE while also buying it.

一條加密鯨魚也被發現，同時也被購買。

On-chain data from showed how the investor deposited a staggering $11.23 million $USDC into the DEX and opened a short position on the token with 3x leverage, netting a floating profit of $2.4 million.

來自鏈的數據顯示，投資者如何將驚人的1123萬美元存入DEX中，並以3倍的槓桿作用在代幣上打開了短期位置，從而獲得了240萬美元的浮動利潤。

However, when they bought 87,417 $HYPE tokens for $5.08 million at an average price of $13.12. This long position has a floating loss of $270k.

但是，當他們以508萬美元的價格以13.12美元的價格以508萬美元的價格購買87,417美元的炒作令牌時。這個長位置的浮動損失為$ 270萬。

Such trading strategy is called a hedging strategy, which involves taking offsetting positions (short position on HYPE and long position on HYPE ) to mitigate risk.

這種交易策略稱為對沖策略，其中涉及降低抵消位置（炒作的短姿勢，炒作長期位置）以減輕風險。

Although the whale’s actions provide conflicting signs, they are not only betting against the token with the short position but also accumulating a large amount of it. Despite the loss from the long position, it could be part of the trader’s long term accumulation strategy. On the other hand, the short position might be short-term hedge against possible price dip.

儘管鯨魚的行為提供了相互矛盾的跡象，但它們不僅押注了以短姿勢的令牌，而且還積累了大量的標誌。儘管長期以來造成了損失，但它可能是交易者長期積累策略的一部分。另一方面，短期位置可能是短期對沖，以防止可能的價格下跌。

Usually, in cases like this, two possibilities emerge. One, the anonymous whale might be aiming for profit against the market volatility without taking a directional bet on the HyperLiquid token. Second, it could also hint at the whale’s manipulative behaviour, designed to create confusion.

通常，在這種情況下，會出現兩種可能性。首先，匿名鯨魚可能是為了使市場波動的利潤而不是對超流動令牌的定向下注。其次，它還可以暗示鯨魚的操縱行為，旨在引起混亂。

Earlier this week, Hyperliquid announced reimbursing JELLY long position holders at a price of 0.037555, except for flagged addresses. The move comes after the last week’s token incident that led to the complete loss of funds in the Liquidator vault.

本週早些時候，Hyproliquid宣布以0.037555的價格向果凍長位置持有人償還，但標記地址除外。此舉是在上週的代幣事件發生後，導致清算人保險庫完全損失了資金。

In a bid to strengthen risk management practices, Hyperliquid is setting limits on the Liquidator vault. If losses exceed the limit, ADL will be triggered; the open interest cap (risk control) will be dynamically adjusted in relation to market capitalization; validators will be able to decide via on-chain voting whether to delist assets with liquidity or market capitalization below the standard.

為了加強風險管理實踐，Hyperliquid正在對清算人保管庫設定限制。如果損失超過限制，則將觸發ADL；開放興趣上限（風險控制）將與市值進行動態調整；驗證者將能夠通過鏈投票決定是否將流動性或市值低於標準的市場資產劃分。

Moreover, the Hyperliquid Assistance Fund, which has been actively buying its native token, has seen a significant reduction in its buying activity throughout March.

此外，一直在積極購買其原始代幣的超流動援助基金已在整個3月的購買活動中大大減少。

This decline in buybacks, coupled with the fund’s average purchase price being higher than the current market price, suggests a weakening of support for $HYPE and could lead to further price declines.

回購的下降，再加上基金的平均購買價格高於當前市場價格，這表明對$炒作的支持削弱了，並可能導致進一步的價格下降。