Renowned Hyperliquid trader "Loracle" has shifted their trading strategy, closing profitable long positions in ZEC and TON to focus on short positions in HYPE, BTC, and SNDK. As of May 12, Loracle's HYPE short position is the largest on the Hyperliquid platform, with a 5x leveraged short of 1,243,200 HYPE tokens valued at approximately $51.2 million. This position turned profitable amid HYPE's recent decline, realizing a paper profit of about $790,000. In addition to the HYPE short, Loracle has opened a 20x leveraged short position in BTC worth $11.1 million. Over the past two days, Loracle has increased their HYPE short exposure by $12 million, lowering the average entry price to $41.81, and boosting their weekly profit to $12.7 million.