A major cryptocurrency whale has significantly increased its short position in HYPE, adding $22.2 million worth of tokens. This brings the whale's total short position to 2.1 million HYPE tokens, valued at $67.1 million. The whale's liquidation range is now set between $33.37 and $33.57, approximately 5% above the current market price. The position is backed by $6.9 million in margin, indicating continued bearish sentiment on HYPE.