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Above $56 , but Still refusing to give up on the $HYPE short… even with losses approaching $20M🤐.
Instead of closing the trade, the whale has actually continued adding to the position as HYPE keeps climbing.
Right now, the wallet is holding a massive short on 1.71M HYPE worth roughly $95.79M, making it one of the largest and most closely watched positions on Hyperliquid.
The liquidation price currently sits around $69.78, which still leaves room , but if HYPE keeps squeezing higher, the pressure on this trade is going to become extreme.
At this point, the position has basically turned into a public battle between conviction and market momentum.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae