A well-known trader got caught on HYPE, shorting at an average of $45 up to $75, and the unrealized loss looks painful.

HYPE0.89%
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CoinNetwork
CryptoWorld News: A well-known trader, Loracle, has reduced his HYPE short position by 19,269.72 tokens within the HyperLiquid ecosystem, which is approximately $1,360,635.05. The current position size is $4,681,859.52, with an average price of $45.51. His current profit and loss is -$1,854,743.19 (-79.23%). The current token price is $75.37, and the liquidation price is $705.12.
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