Loracle this wave dropped from 41 to 62, a -136% unrealized loss, can you still sleep peacefully? Playing with 5x leverage turns into unlimited risk

CryptoWorld News: HYPE’s largest short seller Loracle has less than $500 in remaining margin, and the short positions are still down by $30.5 million. Last night and this morning, Loracel made two attempts to short at the top by targeting SNDK (SanDisk), and suffered three liquidations in total, bringing the cumulative liquidation size to $530k. The HYPE price has rebounded to above $62. This whale account’s margin is now below $500. Currently, this address is short 1.8 million HYPE tokens with 5x leverage; due to the HYPE price rising, the position size has been passively pushed up to $112 million. The average entry price is $45.37, the liquidation level is $89.4, and the unrealized loss is $30.5 million (-136%). This short position was initially opened on April 20, when the HYPE price was around $41. Over the past week, the trader’s account has seen a cumulative drawdown of more than $22.9 million.