Hedging Whale's time-sharing commission to sell 63000 HYPE spot stocks, with a contract of $25 million in short positions still held and not liquidated BlockBeats reported that on April 16th, according to Hyperinsight monitoring, the hedge whale "HYPE's largest bear" on Hyperliquid began selling its spot positions today. The address will intensively place 9 sell orders, totaling 63000 HYPE with a value of approximately 2.86 million US dollars, using the TWAP (Time Weighted Average Price) strategy to hold a portion of its HYPE spot worth approximately 28 million US dollars. Currently, more than half of the orders have been executed. At the same time, the giant whale still holds HYPE short positions with 5 times leverage, with a scale of 25 million US dollars and an average price of 38.93 US dollars. Currently, it has a floating loss of 3.54 million US dollars (-70%) and is the largest short holder of HYPE on the platform. Usually, the strategy of hedging spot positions with short positions is adopted, which often involves simultaneously liquidating some short positions to lock in profits when selling existing goods. But the giant whale has not yet made any adjustments to HYPE's short positions, or intends to bet on a short-term correction in HYPE prices to make up for the book losses of the short positions.