According to on-chain analyst Onchain Lens (@OnchainLens), as HYPE hit a new all-time high, Loracle (@loraclexyz) increased its 5x leveraged short position in HYPE to 1.82 million HYPE, with the current position valued at approximately $109.5 million and an unrealized loss exceeding $26.5 million.
Whale Loracle increases 5x short position in HYPE to 1.82M, with floating loss exceeding $26.5M
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Summary
Whale Loracle has increased its 5x short position in HYPE to 1.82 million tokens, valued at approximately $109.5 million. This trading move has resulted in floating losses exceeding $26.5 million. Onchain Lens reported the update, highlighting continued exposure amid price volatility. Position sizing remains a critical factor for large players managing risk in leveraged trades.
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