HYPE: 0x082e Flips $25M Loss on 5x Long

0x082e opened the largest on-chain HYPE position more than six months ago, taking a 5x long on 1.38 million tokens worth $66.3 million and establishing himself as the biggest bull.

The trade was once underwater by over $25 million during the drawdown, yet the position has reversed into profit following the recent rally in HYPE.

Price currently trades at $48.28 inside the Bollinger Bands with upper resistance at $49.68; the bullish MACD golden cross at 1.44 and price holding above both the EMA50 support at $43.89 and EMA200 at $42.03 suggest continuation is likely after any healthy retracement to the 50-EMA zone, while RSI at 66.74 leaves room before overbought conditions appear.