On-chain HYPE main long whales are all deeply trapped, with the top holder in the position list "suspected of HYPE coin listing insider trading" showing an unrealized loss of $21.3 million.

BlockBeats News, January 20 — According to HyperInsight monitoring, the top 30 long whales on the on-chain holdings list are all experiencing significant losses. The largest current long position is held by a “suspected HYPE insider listing” whale (0x082e), with an on-chain holding of approximately $31.9 million, an average entry price of $38.67, and an unrealized loss of $21.3 million (-337%), with a liquidation price around $20.13.

Previously, on December 18, the “HYPE long whale liquidated for $26 million” became the second-largest long position on-chain, with a current holding of about $13.06 million, an average entry price of $38.67, and an unrealized loss of $4.61 million (-177%), with a liquidation price around $21.3.

The closest whale to liquidation with a position exceeding $10 million is an address starting with (0x1c2). Its current liquidation price is $22.32, only 2.87% away from liquidation. The position size is approximately $11.14 million, with an unrealized loss of $0.91 million (82%). Notably, this address also holds a BTC long position in full-coverage mode, which is also in significant unrealized loss and approaching liquidation. Since both positions share margin, if the related cryptocurrency drops more than 2% simultaneously, this address will very likely face liquidation risk.