ME News message, December 24 (UTC+8), according to Coinbob's popular address monitoring, the HYPE short position of the whale starting with 0xd16 has achieved significant profits. This address opened a short position near $39 since November and has been rolling over continuously, with a current position size of about $6.43 million, and the average cost has dropped to $35.7, resulting in an unrealized profit of $3.28 million, with a return rate as high as 509%. The current liquidation price is $32.78. In addition, during the holding period, this whale has 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, doubling the total assets of its account. (Source: ME)