A cryptocurrency whale has achieved a remarkable 500% return on a short position in HYPE, utilizing strategic position trading tactics. The whale, identified by the address 0xd16, initiated short positions near $39 in November, subsequently adjusting the average cost to $35.7. This maneuver resulted in floating profits of $3.28 million from a $6.43 million position. In addition to shorting, the whale employed position sizing to open 10% long positions during market rebounds, effectively doubling their total assets. The liquidation price for the position is set at $32.78, highlighting the precision in managing risk and maximizing returns through repeated reversal trades.