Trader "Loracle" Shorting HYPE at All-Time High, Short Position Size Increased to Nearly $20 Million
BlockBeats News, April 22, according to Hyperinsight monitoring, HYPE has regained the $40 price level. The "Hyperliquid early contributor Loracle" increased their short position above this price point, liquidating their HYPE holdings at a rate of approximately $300,000 per hour. They have now become the second largest bear on HYPE on Hyperliquid.
The current 5x leveraged HYPE short position has increased to $19.7 million, with an average price decreasing from $41 to $40.69. The current unrealized profit is $130,000, with the position opened on April 20.
This address is one of the early contributors to the Hyperliquid ecosystem and is the founder of Hypurrfun. They previously took a long position during the primary uptrend of HYPE from $20, becoming the second largest bull on-chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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