A short position held down to -73% without getting liquidated—was this position management driven by conviction or sheer stubbornness?

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CoinNetwork
CryptoWorld News: Well-known trader Loracle has reduced his HYPE short position by 36,631.89 tokens within the HyperLiquid ecosystem, approximately worth $2.35 million.
The current position size is $67,058,571.05, with an average price of $45.51, and a current profit and loss of -$24,516,570.86 (-73.12%).
The current token price is $71.74, and the liquidation price is $111.11.
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