The 287-day on-chain position in 1.38 million HYPE was reinforced with 4.5 million USDC in added margin, leaving a liquidation level around $52.368 as price swings pressure the trade.
Trader "watershedpath" is managing a 1.38 million HYPE on-chain long position valued at $80.71 million after 287 days, according to Onchain Lens data cited by Odaily. The position, opened at $38.67 and marked at $58.49, was reported as showing $27.34 million in unrealized profit and using 5x leverage. The trader added 4.5 million USDC in margin, including 2 million USDC yesterday and 2.5 million USDC on July 17. Earlier reporting said the trade had lost $18 million over the prior two weeks as HYPE pulled back from recent highs, with about $16 million of margin remaining and liquidation risk if the token fell by roughly another $6; the newer data lists the liquidation price at $52.368.