Hedge Whale Holds $48 Million Position Bullish on BTC, Profits $1.28 Million in a Day

AirdropBlackHole · 2026-03-30T19:47:16+00:00

On March 30, a whale executed a BTC/HYPE hedging strategy, going long on BTC and short on HYPE, resulting in over $1.28 million profit as BTC outperformed HYPE. This follows a previous successful strategy yielding $37.1 million.

AirdropBlackHole

2026-03-30 19:47:16

Abstract generation in progress

On March 30, according to monitoring by Hyperinsight, a whale (0x939) betting on BTC against HYPE has maintained a BTC/HYPE rate hedging strategy: going long on BTC with a scale of $28.5 million at an average price of $70,557, while shorting HYPE with a scale of $19.38 million at an average price of $39. Today, BTC continued to rise, while HYPE briefly followed suit before dropping back below $38, with a 24-hour decline of 4.5%. Both long and short positions have moved in the same direction, resulting in a profit of over $1.28 million for the combination in the last 24 hours, validating the bet that BTC would outperform HYPE. This address previously reduced its position using a similar logic, going long on BTC with a scale of about $50 million while shorting ETH, XRP, ADA, and six other cryptocurrencies. At that time, the strategy was effective, and the total profit over the entire period remained around $37.1 million.

BTC0.15%

HYPE-3.82%

ETH1.58%

XRP0.22%

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