$24.72 million in floating loss—average entry price at 45, now almost 59, liquidation price at 89.86—how many times leverage is this? The end of crypto gambling addicts

CryptoWorld News reports that well-known trader Loracle's HYPE short position is experiencing increasing unrealized losses, currently totaling $24.72 million, with a loss ratio of 116.26%. The average entry price for this short is $45.26, the current coin price is $58.97, the liquidation price is $89.86, and the position size is $106 million.