Two whales teamed up to increase their holdings by $4 million in HYPE spot, with floating profits revealed!
【Whales collectively buying! $4 million invested in HYPE, what is this wave of 'smart money' racing for?】
Brothers, there is another big move on-chain! Two whales simultaneously increased their HYPE spot holdings today, pouring in a total of $4 million!
Pay attention to this address '0x96d'—it deposited $2 million USDC into Hyperliquid, increasing its HYPE position to 427,851 units, with an average buying price of $35.24, totaling an investment of $15.08 million. Based on the current price, it has already floated a profit of $2.14 million!
Another whale is also simultaneously increasing its position; this is not a coincidence, it's 'smart money' banding together to seize the opportunity.
My interpretation and operational thoughts:
1️⃣ The cost range of $35.24 has been confirmed by whales as a 'reasonable accumulation area'. They are not chasing high prices but are accumulating in batches during pullbacks. This strategy of 'buying more as prices drop' indicates faith in the medium to long-term logic of HYPE.
2️⃣ Floating profits of $2.14 million have not been realized, indicating that the target is not just this. If it were merely short-term speculation, this profit would be enough to take profits. Their choice to hold suggests they are likely waiting for a larger narrative—possibly further catalysis of the Hyperliquid ecosystem or improvements in HYPE's liquidity in the spot market.
3️⃣ In terms of operation, I would take a small position on HYPE spot around $35, with a stop loss set below $32. If whales continue to increase their positions, it indicates that the market trend is not over, and I will follow suit; if they start to reduce positions, I will also exit, not getting caught up in the larger picture.
4️⃣ Focus closely on the subsequent actions of these two addresses. Changes in whale positions are more effective than any candlestick indicators.
Brothers, this kind of 'smart money collectively buying' scenario is an absolute strong signal in the crypto world. Keep up with the rhythm, don’t fall behind!
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