HYPE Extends Six-Day Rebound as Top On-Chain Long Position Shows Growing Unrealized Gains

HYPE has rebounded for six consecutive days, rising from a recent low of $53 to above $68 on June 16. According to BlockBeats On-chain Detection, monitoring data from HyperInsight showed that the address holding the largest on-chain HYPE long position continued to see its unrealized profit expand. The address labeled 0x082e holds a HYPE long position totaling $93 million, with an entry price of $38.67. The position’s unrealized profit was reported at $39.6 million.