鯨魚轉儲$炒作，損失180萬美元

加密貨幣市場本質上是不穩定的，大規模的投資者或“鯨魚”可能會導致市場進行大型交易時的發展。

The cryptocurrency market is inherently unstable, and large-scale investors or “whales” can cause the market to move when they make big trades. Recently, one such whale took a huge loss when he dumped his entire position in $HYPE tokens, losing over $1.8 million in the process. Curiously, after this market-moving trade, another whale seems to have entered the market, pulling millions off of Coinbase and putting down a substantial buy order for $HYPE tokens.

加密貨幣市場本質上是不穩定的，大規模的投資者或“鯨魚”可能會導致市場進行大型交易時的發展。最近，一隻這樣的鯨魚丟掉了他的整個職位，以$ hype sube的份額丟棄，在此過程中損失了超過180萬美元。奇怪的是，在經過營銷貿易之後，另一隻鯨魚似乎進入了市場，從Coinbase中撤出了數百萬美元，並以$ hype代幣的價格下達了大量的買入訂單。

Meanwhile, the price of $HYPE is vacillating, and the very price action of $HYPE makes the whole situation even stranger. Is $HYPE about to take off, or is there something before the scenes here that makes us believe we should be cautious?

同時，$炒作的價格正在搖擺不定，$ yype的價格動作使整個情況變得更加陌生。 $ hype是要起飛的，還是在這裡的場景之前有一些讓我們相信我們應該謹慎的東西？

Whale Dumps $HYPE, Suffering a $1.8 Million Loss

鯨魚轉儲$炒作，損失180萬美元

From February 25 to March 4, a certain whale was incrementally adding to their holdings of the $HYPE token, amassing a total of 266,000 tokens and parting with $5.08 million USDC in the process. They bought the tokens at an average price of $19.08. Eight hours ago, the whale sold off their entire stash of $HYPE and suffered a loss of $1.8 million in the process. They sold the $HYPE tokens at an average of only $12.27. If you do the math, they only got back $3.27 million USDC.

從2月25日到3月4日，一條鯨魚逐漸增加了$ ype sboken的持股，總共積累了266,000個令牌，並在此過程中以508萬美元的價格分配。他們以19.08美元的平均價格購買了代幣。八個小時前，鯨魚賣掉了整個$ $炒作，在此過程中損失了180萬美元。他們以平均$ 12.27的價格出售了$ hype代幣。如果您進行數學，他們只能返還327萬美元。

The decision to sell seems to have been a calculated response to a decline in $HYPE’s price, yet it shines a light on the risks involved with trading something as volatile as the crypto market. This whale was once sitting on a position that seemed safe and even profitable. Now, that’s gone belly-up, and whatever amount of $HYPE this entity was hoarding likely went up in smoke.

出售的決定似乎是對$ ype價格下降的響應，但它闡明了交易與加密貨幣市場一樣波動的風險。這鯨曾經坐在一個看起來安全甚至有利可圖的位置。現在，這已經消失了，無論該實體可能會在吸煙中ho積了多少$炒作。

This emphasizes the volatility of the cryptocurrency markets in general and even well-laid plans can go off course in a hurry. The timing of the sale is pure chance, and really what selling under pressure looks like.

這強調了加密貨幣市場的波動，甚至計劃良好的計劃都可以急忙下車。銷售的時機是純粹的機會，實際上在壓力下出售的樣子。

1. Whales are pressured to make hard choices—fast.

1。鯨魚被迫做出艱難的選擇。

2. Selling at a loss is what trading under the impossibility of being omniscient looks like.

2.虧損出售是在不可能的不可能的外觀上進行交易的。

New Whale Enters the Market: A Bold Move to Buy $HYPE

新鯨進入市場：大膽地購買$ hype

While one whale leaves the $HYPE market with huge losses, another appears to have come in with a gutsy investment. Eight hours after the large sell-off, a new whale emerged with a substantial move into the $HYPE market. This new whale withdrew 3.1 million USDC from Coinbase and bridged it into the Hyperliquid platform to make a nice round purchase of $HYPE tokens.

雖然一條鯨魚使$炒作市場遭受了巨大的損失，但另一個鯨魚似乎帶來了膽量的投資。大型拋售後八個小時，一條新鯨魚出現了，進入了$炒作市場。這條新的鯨魚從Coinbase撤回了310萬美元，並將其橋接到了超流動的平台中，以進行$ hype sigkens的美好購買。

This recent addition of another whale is impressive. It shows that right after the last whale’s gigantic sale, we have another whale stepping in. And that serves to illustrate, once again, that even with the price of $HYPE having recently dropped, there is still a huge amount of institutional interest in the token. The whale’s decision to move funds from Coinbase to Hyperliquid by way of bridging also suggests a greater degree of decentralization has been reached in major trade venues alongside the migration of these trading behemoths.

最近增加了另一條鯨魚令人印象深刻。它表明，在上次鯨魚的巨大銷售之後，我們還有另一條鯨魚介入。這再次說明了，即使最近下降了$ $的價格，也仍然有很大的機構利益。鯨魚決定通過橋接將資金從共同案件轉移到超流動，也表明，在主要貿易場所以及這些貿易巨頭遷移的同時，已經實現了更大程度的權力下放化。

The new whale choosing to invest after seeing the price drop reflects a strategy often employed by traders with large sums of money — buying the dip. It could also mean they think the recent market dip is temporary and that $HYPE is primed to rise again. In the unstable universe of cryptocurrencies, such swift market movements are often a sign that larger institutional or strategic players are making their moves.

新鯨魚在看到價格下跌後選擇投資，這反映了交易者經常用大量資金采用的策略 - 購買蘸醬。這也可能意味著他們認為最近的市場下跌是暫時的，並且$ hype可以再次上升。在不穩定的加密貨幣宇宙中，這種迅速的市場運動通常表明較大的機構或戰略參與者正在採取行動。

The $HYPE Token’s Volatility: A Sign of Larger Trends in the Market

$ hype令牌的波動：市場上更大趨勢的標誌

What happened to the $HYPE token is not an isolated incident. It’s a part of a trend that one can observe in the cryptocurrency space — extreme volatility and unpredictable price swings. One whale loses $HYPE in rapid fashion, and another whale enters just as rapidly. What’s happening with $HYPE token serves to illustrate how fast things can move in the realm of tokens — what can happen within a short span of time. Cryptocurrencies are overall just way more volatile than traditional investments.

$ hype代幣發生的事情不是孤立的事件。這是人們可以在加密貨幣空間中觀察到的趨勢的一部分 - 極端波動和不可預測的價格波動。一隻鯨魚以快速的方式失去$ $炒作，另一隻鯨魚也同樣迅速地進入。 $ hype代幣發生的事情可以說明在令牌領域的速度如何移動 - 在短時間內可能會發生什麼。總體而言，加密貨幣比傳統投資更加波動。

The reality that one whale was ready to absorb a $1.8 million loss while an other came in with a huge buy order throws into relief the different trading strategies that can coexist in the same market. Some traders prefer to quickly cut their losses and exit the market; others see a price dip as a chance to buy at a lower cost.

一隻鯨魚準備吸收180萬美元的虧損的現實，而另一位鯨魚則以巨大的買入訂單使可以在同一市場共存的不同交易策略釋放出來。一些交易者更喜歡快速減少損失並退出市場。其他人則將價格下跌視為以較低成本購買的機會。

The abrupt alterations in the $HYPE market, combined with whale actions, furnish potent clues concerning the psychology of big crypto players. These moves are frequently a sentiment gauge for a token’s health. A whale’s $HYPE short gives us the signal that $HYPE’s not firing on all cylinders, while a whale’s $HYPE long nevertheless suggests there

$炒作市場的突然改變，再加上鯨魚的動作，提供了有關大加密參與者心理學的有力線索。這些動作通常是代幣健康的情感量表。鯨魚的$ hype Short給我們帶來了一個信號，表明$ hype並未在所有圓柱體上射擊，而鯨魚的$ hype長期仍然建議在那裡