Loracle continues to reduce HYPE short positions, currently facing an unrealized loss of approximately $27.9 million

According to Hyperbot data, Loracle, an early contributor to Hyperliquid, has been continuously reducing its HYPE short positions. It currently holds a 5x leveraged HYPE short position of 1,832,858.99 HYPE, with an unrealized loss of approximately $27.9 million and a liquidation price of $74.1.