ChainThink reports that, according to on-chain data, prominent trader Loracle recently adjusted their cryptocurrency positions, slightly reducing their short position in HYPE, initiating a new short position in SOL, and closing their small short positions in VVV and LIT.
Its HYPE short position size has decreased from approximately 1.83 million contracts to 1.73 million, a reduction of about 100,000 contracts. The position remains underwater, with unrealized losses of approximately $35 million and a liquidation price of around $91.51.
Loracle currently holds approximately 892,000 HYPE spot tokens, valued at around $59 million at current prices.
Driven by ETF expectations and capital inflows, HYPE has recently continued to set new all-time highs, and the market is closely monitoring whether it will sell spot holdings in the coming days, potentially impacting its price.
Previously, Loracle published a comparison between HYPE and SOL ETFs, suggesting a potential pullback risk for HYPE; the related content has since been removed.
The market generally believes that subsequent position changes will remain an important indicator for observing HYPE’s short-term price movement.