2.4 million increase in short positions, betting on a pullback or a complete wipeout

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CoinNetwork
CryptoWorld News: Renowned trader Loracle increased his short position on HYPE by 28,419.86 tokens within the HyperLiquid ecosystem, approximately worth $2.41M.
The current position size is $82,026,954.10, with an average price adjusted from $42.92 to $43.11.
The current profit and loss is -$15,521,502.77, with a loss ratio of -94.61%.
The current HYPE token price is $53.17, and the liquidation price is $71.84.
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