This whale XLM short position is almost cut in half from unrealized losses, and they're still holding on tightly. Are they really betting on hitting the liquidation line?

CryptoWorld News: A whale increased its XLM short position on the HyperLiquid platform by 1,196,299 coins, worth approximately $570,712.12. The current position size is $2,027,925.80. The average price has been adjusted from $0.20 to $0.21. The current profit and loss is -$577,962.80 (-142.50%). The current coin price is $0.29, and the liquidation price is $1.59. This whale has long relied on market volatility downward to profit from going long BTC and altcoin exchange rates. Now, with a total position size of $50 million, it is going long BTC, while also shorting HYPE, and its profit over the entire cycle exceeds $37 million.