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

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