A certain giant whale recently deployed a position worth 53 million in a “Long BTC, Short HYPE” setup. During this round of HYPE rebound, they incurred a loss of $900,000.

MarsBitNews · 2026-04-10T05:35:11+00:00

According to Mars Finance, the whale is going long on BTC and short on HYPE during the market's downward volatility. Recently, HYPE has increased by over 5%, resulting in a withdrawal of $900k in funds. The whale's current holdings amount to approximately $53.6 million, with a net loss of about $300k, and no profits have been realized yet.

MarsBitNews

2026-04-10 05:35:11

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Mars Finance News: On April 10, according to Hyperinsight monitoring, on-chain “longing BTC against altcoins to resist drops” whales have long relied on market oscillations and downward trends to profit from the “BTC/altcoin” exchange rate. However, in recent days when BTC held steady, HYPE has continued to strengthen; today it stood above $40, with an intraday gain of more than 5%, putting pressure on both sides of this pair and causing intraday capital to pull back by $900,000.

The address currently holds a BTC long position (40x leverage): size $30.4 million; an HYPE short position (5x leverage): size $23.2 million.

Previously, it began deploying positions during HYPE’s previous round of big gains and completed all position building on March 20, with a total size of about $53 million. Since opening the positions, it has a net unrealized loss of about $300,000, with no positive realized returns yet.

This whale previously built positions using a similar logic: going long BTC with a size of about $50 million while shorting ETH, XRP, ADA, and other 8 cryptocurrencies. At that time, the strategy worked, and profit for the entire cycle still remained around $37.1 million.

BTC1.69%

HYPE6.31%

ETH1.89%

XRP0.75%

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