18 days wiped out loracle.hl's 10-month, $42.2 million profit from perpetuals and incurred an additional loss of $5.19 million

According to Lookonchain monitoring, loracle.hl (@loraclexyz) made a profit of $42.2 million from perpetual contract trading over nearly 10 months. However, their HYPE short position erased all those gains in just 18 days and incurred an additional loss of $5.19 million. They have since closed most of their HYPE short positions but still hold a short position of 843,232 HYPE, worth $61.4 million.