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@GuthixHL This delta neutral strategy is way to defend/protect your HYPE bags/positions without taking more P&L drawdown. It's main function is to reduce the total available spot trading float to setup for a short squeeze. Yes, I agree... buying more HYPE is a better use of capital.
Here's how to combat against the HYPE short sellers... Buy spot HYPE and short perp HYPE to create a delta neutral position. By doing this strategy, you are reducing the available trading float/supply of HYPE plus earning a yield from the funding rate.
@GuthixHL@GuthixHL We are dealing with sophisticated short sellers, most likely covering their net short position by buying spot HYPE. Every time HYPE tries to rebound it hits a resistance level then a selloff. Short sellers have enough coin control to keep HYPE in a trading band
@GuthixHL The short sellers are not only shorting perp HYPE but also have a delta neutral position on spot HYPE. The short sellers sells spot hype to create panic, cause weak hands to sell into their bids, try to trigger sell stops, and to liquidate margin longs on perp HYPE.
@kirbyongeo Here's how to combat against the HYPE short sellers... Buy spot HYPE and short perp HYPE to create a delta neutral position. By doing this strategy, you are reducing the available trading float/supply of HYPE plus earning a yield from the funding rate.
BREAKING: @HyperliquidX RESPONDS TO REPORTS CIRCULATING REGARDING ACTIVITY BY SUPPOSED DPRK ADDRESSES - “THERE HAS BEEN NO DPRK EXPLOIT - OR ANY EXPLOIT FOR THAT MATTER - OF HYPERLIQUID. ALL USER FUNDS ARE ACCOUNTED FOR”
Hyperliquid Labs is aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit - or any exploit for that matter - of Hyperliquid. All user funds are accounted for.
Hyperliquid Labs takes opsec seriously. No vulnerabilities have been shared by any party. As always, there is a generous bounty program for bug reports. Best-in-class standards are followed for blockchain analytics.
Someone claiming to be a security party previously attempted to reach out to Labs. To be clear, there was never any allegation of any exploit on Hyperliquid. This party added a scam account to a group chat and later communicated with insults and profanity. Given the level of professionalism displayed, Labs conferred instead with trusted parties and confirmed it is following best practices.
@willywoo@jvs_btc This tweet confirms your analysis: https://t.co/pLmYqNCRrB https://t.co/ABpidqSElt Whale Last Active 0-1 days
condition1 : have transaction in last 1 day
condition2: balance >= 100
condition3: not cex address or miner address