Long-term long BTC and short HYPE strategy hits a wall this time, how much of the 37 million profit needs to be given back?

CoinJie News: HYPE short positions have increased by 23,718.79 tokens, approximately $2,037,194.45, bringing the total position size to $13,019,907.83. The average price has risen from $49.47 to $51.98. The current profit and loss is -$3,491,924.56 (-134.10%). The current coin price is $71.03, and the liquidation price is $112.01. This whale has long relied on market volatility during the prolonged downward move—going long BTC while shorting HYPE—earning more than $37 million in profit across the full cycle.