鲸鱼转储$炒作，损失180万美元

加密货币市场本质上是不稳定的，大规模的投资者或“鲸鱼”可能会导致市场进行大型交易时的发展。

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.

加密货币市场本质上是不稳定的，大规模的投资者或“鲸鱼”可能会导致市场进行大型交易时的发展。最近，一只这样的鲸鱼丢掉了他的整个职位，以$ hype sube的份额丢弃，在此过程中损失了超过180万美元。奇怪的是，在经过营销贸易之后，另一只鲸鱼似乎进入了市场，从Coinbase中撤出了数百万美元，并以$ hype代币的价格下达了大量的买入订单。

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?

同时，$炒作的价格正在摇摆不定，$ yype的价格动作使整个情况变得更加陌生。 $ hype是要起飞的，还是在这里的场景之前有一些让我们相信我们应该谨慎的东西？

Whale Dumps $HYPE, Suffering a $1.8 Million Loss

鲸鱼转储$炒作，损失180万美元

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.

从2月25日到3月4日，一条鲸鱼逐渐增加了$ ype sboken的持股，总共积累了266,000个令牌，并在此过程中以508万美元的价格分配。他们以19.08美元的平均价格购买了代币。八个小时前，鲸鱼卖掉了整个$ $炒作，在此过程中损失了180万美元。他们以平均$ 12.27的价格出售了$ hype代币。如果您进行数学，他们只能返还327万美元。

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.

出售的决定似乎是对$ ype价格下降的响应，但它阐明了交易与加密货币市场一样波动的风险。这鲸曾经坐在一个看起来安全甚至有利可图的位置。现在，这已经消失了，无论该实体可能会在吸烟中ho积了多少$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.

这强调了加密货币市场的波动，甚至计划良好的计划都可以急忙下车。销售的时机是纯粹的机会，实际上在压力下出售的样子。

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

1。鲸鱼被迫做出艰难的选择。

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

2.亏损出售是在不可能的不可能的外观上进行交易的。

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

新鲸进入市场：大胆地购买$ 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.

虽然一条鲸鱼使$炒作市场遭受了巨大的损失，但另一个鲸鱼似乎带来了胆量的投资。大型抛售后八个小时，一条新鲸鱼出现了，进入了$炒作市场。这条新的鲸鱼从Coinbase撤回了310万美元，并将其桥接到了超流动的平台中，以进行$ hype sigkens的美好购买。

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.

最近增加了另一条鲸鱼令人印象深刻。它表明，在上次鲸鱼的巨大销售之后，我们还有另一条鲸鱼介入。这再次说明了，即使最近下降了$ $的价格，也仍然有很大的机构利益。鲸鱼决定通过桥接将资金从共同案件转移到超流动，也表明，在主要贸易场所以及这些贸易巨头迁移的同时，已经实现了更大程度的权力下放化。

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.

新鲸鱼在看到价格下跌后选择投资，这反映了交易者经常用大量资金采用的策略 - 购买蘸酱。这也可能意味着他们认为最近的市场下跌是暂时的，并且$ hype可以再次上升。在不稳定的加密货币宇宙中，这种迅速的市场运动通常表明较大的机构或战略参与者正在采取行动。

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

$ hype令牌的波动：市场上更大趋势的标志

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代币发生的事情不是孤立的事件。这是人们可以在加密货币空间中观察到的趋势的一部分 - 极端波动和不可预测的价格波动。一只鲸鱼以快速的方式失去$ $炒作，另一只鲸鱼也同样迅速地进入。 $ hype代币发生的事情可以说明在令牌领域的速度如何移动 - 在短时间内可能会发生什么。总体而言，加密货币比传统投资更加波动。

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.

一只鲸鱼准备吸收180万美元的亏损的现实，而另一位鲸鱼则以巨大的买入订单使可以在同一市场共存的不同交易策略释放出来。一些交易者更喜欢快速减少损失并退出市场。其他人则将价格下跌视为以较低成本购买的机会。

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

$炒作市场的突然改变，再加上鲸鱼的动作，提供了有关大加密参与者心理学的有力线索。这些动作通常是代币健康的情感量表。鲸鱼的$ hype Short给我们带来了一个信号，表明$ hype并未在所有圆柱体上射击，而鲸鱼的$ hype长期仍然建议在那里