Crypto Whale Loses $910K on HYPE After $46.5M Short Loss
- Whale Loss Overview: A cryptocurrency whale has incurred a loss of approximately $910,000 after opening a long position on Hyperliquid (HYPE), following a staggering $46.46 million loss from shorting the same token, highlighting the extreme risks associated with high-leverage trading.
- Current Portfolio Status: The whale currently holds long positions across seven different cryptocurrencies, including HYPE and Worldcoin (WLD), with total unrealized losses exceeding $3 million, indicating significant market volatility's impact on its trading strategy.
- Market Impact Analysis: The whale's initial $46.5 million short loss represents one of the largest single-wallet losses reported on the Hyperliquid platform this year, and the subsequent shift to a long position that also turned negative underscores the difficulty of timing the market even for well-capitalized traders.
- Lessons for Retail Traders: While the losses are substantial, this incident serves as a cautionary tale for smaller traders, emphasizing that high-leverage positions amplify both gains and losses, and highlighting the importance of risk management and position sizing in trading strategies.
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Technical Analysis for NEAR
Technical Sentiment Analysis for NEAR Protocol (NEAR). As of , NEAR Protocol (NEAR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NEAR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, NEAR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
NEAR Protocol (NEAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.491 | 1.158 | 1.753 | 2.42 | 3.015 | 3.682 | 4.277 |
| Fibonacci | 1.158 | 1.64 | 1.938 | 2.42 | 2.902 | 3.2 | 3.682 |
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