Testing ThingsOut establishes a $41.8 million long short hedge position, long HYPE and ZEC while short BTC and ETH
TestingThingsOut adopts a long short hedging strategy, holding approximately $20.894 million in HYPE and ZEC long positions, as well as approximately $20.906 million in BTC and ETH short positions. The account purchased 170200 HYPE coins and opened a position of $14.005 million, resulting in a net opening of 6500 ZEC coins. At the same time, 140 BTC short positions and 4000 ETH short positions were created. At present, HYPE's long position value is 13.631 million US dollars with a floating loss of 374000 US dollars, ZEC's long position value is 7.263 million US dollars with a floating loss of 415000 US dollars, BTC's short position value is 10.857 million US dollars with a floating loss of 109000 US dollars, ETH's short position value is 10.049 million US dollars with a floating loss of 142000 US dollars, and the net floating loss of the portfolio position is 538000 US dollars.