Arkham Monitors Trader Watershedpath's $111 Million HYPE Long Position

Arkham data shows trader "watershedpath" holds the largest on-chain single HYPE long position, with unrealized gains of about $58 million. According to ChainCatcher, the address has been long HYPE for nearly a year and currently has about $111 million in HYPE exposure.Over the past week, the trader did not close the position but withdrew about $18.5 million in margin, raising the liquidation price to $65. Even if the position is later liquidated, it would still remain profitable.