Unrealized profit of approximately $58 million, watershedpath holds a $11.2 million HYPE long position

Odaily News: According to watershedpath monitoring, watershedpath holds a HYPE long position worth $11.2 million with 5x leverage, and the unrealized profit is approximately $58 million. The average entry price of this position is $38.68, and the current price is $81.38, approximately double the entry price. watershedpath has held this position until now without taking profit. This position is one of the largest single-sided HYPE positions on Hyperliquid, and watershedpath's total profit on this platform has exceeded $50 million.