Whale shorting HYPE faces unrealized losses nearing $20 million

Odaily reports, according to Lookonchain monitoring, trader loracle.hl ( @loraclexyz ) currently holds a short position of 1.71 million HYPE tokens, with a position value of approximately $95.79 million. The current unrealized loss is close to $20 million.

Data shows that they are continuing to increase their short position, with the current liquidation price estimated to be around $69.78.