CryptoWorld News: HYPE’s largest short trader, Loracle, has transferred $64 million worth of HYPE spot into Hyperliquid, along with setting stop-losses on their short positions. As HYPE surged to above $70, Loracle has continued to reduce its HYPE short holdings over the past few hours. As of the time of writing, their 5x leveraged short position has fallen from $102 million to $60.94 million, and their current unrealized loss is still $22.58 million (-74%). During the weekend, Loracle moved 893,000 HYPE spot on-chain to Hyperliquid; as the price rallied, the value of this spot holding increased from $54.5 million to $64 million, and it has not been sold yet. In the prior month, this whale unlocked a total of 2 times, totaling 1.115 million HYPE (worth about $63.51 million). In on-chain records that can be clearly tracked, it sold 557,000 HYPE on May 21 (the day HYPE broke a new high), worth approximately $33.35 million.

HYPE0.34%

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ThetaSideEye

· 11h ago

Over the weekend, another 890k tokens were transferred in. Are you planning to add to your position or cut your losses?

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GateUser-0f8d377b

· 06-01 02:24

Set a stop-loss on Hyperliquid, and it ended up being a pointless loss.

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GateUser-cb789e81

· 06-01 02:20

Loracle sounds like a prophet's name, but it ended up becoming a contrarian indicator.

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CandlestickChartsUnderThe

· 06-01 02:14

This whale is playing with heartbeat, 22.58 million dollars, gone just like that.

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MultisigOnRocks

· 06-01 02:09

Leverage of 5x short at $70, and as a result, HYPE continues to surge—classic textbook-style liquidation case.

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GateUser-6d80555a

· 06-01 02:03

On May 21, I just dumped 550k tokens, and now I’m locked in again—the timing is completely off.

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GateUser-35b998a0

· 06-01 02:01

From a profit of 33.35 million to a loss of 22.58 million, the rollercoaster-like fluctuation is even more thrilling.

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BluePeonyDoesn'tDrop

· 06-01 02:00

Unlocking selling pressure + high leverage short positions, this wave is a double kill of both fundamentals and technicals

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MountainSilhouetteBeforeThe

· 06-01 01:58

Spot holdings can't be sold when transferred in; are you waiting for a rebound or have you already given up?

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HYPE’s biggest short seller, Loracle, has transferred $64 million worth of spot assets into Hyperliquid, and is accompanied by a short-position stop-loss.

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