4.6k-stop-loss liquidation for shorts—Loracle got wrecked by the HYPE this round. Now they’re running long on ZEC and TON, and they’re still holding a Tesla short. So they really just fall where they land and lie flat somewhere else?

CoinWorld News reports that, according to monitoring by onchainlens, the trader and institutional account Loracle has fully closed its HYPE short positions, with total losses exceeding $46 million. HYPE has continued to set new all-time highs in recent times, and multiple highly leveraged short positions have seen pullbacks or even exited the market. At present, Loracle has shifted to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), while also keeping a 5x leverage short position in TSLA (Tesla).