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Someone is still holding a $22M loss without closing their position. A whale on Hyperliquid is holding a short position of over $100M in $HYPE. Entry around $44.96. HYPE keeps rising, while the short position turns increasingly red. Liquidation point around $69. That means, if the market pushes just one more notch… the whale could become fuel for the next squeeze. Crypto really is a place where even the rich are forced to relearn risk management. What do you think—this is a calculated short or a whale’s stubbornness?

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