An experienced trader who made 48 million in half a year also got burned on HYPE; leverage trading doesn't guarantee victory. The liquidation price at 99.43 seems far away, but a 30% drop would trigger a blow-up.

CryptoWorld News reports that traders who took high-position short positions are experiencing increasing unrealized losses. Currently, the profit and loss amount to -$11,679,213.78 (-140.31%), with an average entry price of $54.08. The current coin price is $75.17, the liquidation price is $99.43, and the position size is $41,617,971.61. This address was previously the largest short position holder in the ZEC market. Recently, it has favored setting high-position shorts in the U.S. stock market, with a profit of over $48 million in the past six months.