Shorting at the high end made 48 million in half a year; then a single hype trade wiped out a 3.7 million loss—who can withstand this kind of volatility?

CoinWorld News reports that a high-level short seller recently reduced its HYPE short positions by 53,266.84 units, worth approximately $2,139,355.77. Its current position size is $26,747,954.93, with an average price of $54.08; its current profit and loss is -$3,696,857.70, with a loss ratio of -69.11%. The current coin price is $62.75, and the liquidation price is $91.93. This address was previously the largest short seller in the ZEC market; in recent times, it has favored placing short orders at high levels in the U.S. stock market, earning more than $48 million in six months.