Combined unrealized losses of $7.964 million, two HYPE short sellers placed $33.953 million in buy orders to cover

Odaily News: Two HYPE short sellers on Hyperliquid hold a combined short position of approximately $40.971 million, with unrealized losses of about $7.964 million. Last night, the two short sellers placed 200 buy orders in the $64 to $77.77 range, totaling approximately $33.953 million, waiting for prices to pull back for staggered covering. One address holds approximately 240,500 HYPE short positions at an average price of $62.50, with unrealized losses of about $4.09 million, and has placed 100 buy orders in the $70.1 to $77.77 range, totaling approximately $17.698 million, covering the entire short position. Another address holds approximately 274,800 HYPE short positions at an average entry price of $65.41, with unrealized losses of about $3.875 million, and has placed 100 buy orders in the $64 to $72 range, totaling approximately $16.255 million, covering about 87.3% of the short position. The two sets of orders were mainly created last night, with some pending orders still being adjusted this morning. HYPE is currently trading at approximately $79.51, about 2.2% away from the nearest cover order at $77.77; if the price continues to decline to around $72, the other short seller's cover orders will enter the execution range.