Whale trader Loracle.hl has significantly increased their short positions in HYPE, adding approximately $10.4 million in short contracts amid a price rally. Coinbob's monitoring revealed that Loracle.hl accumulated around 61,000 additional short contracts after HYPE briefly exceeded $58.
Since last night, Loracle.hl has expanded their short positions by over 329,000 contracts, totaling approximately $19.2 million. The trader continues to place sell orders above the $58 mark, indicating a bearish outlook despite the recent price surge.
Whale Trader Loracle.hl Increases HYPE Short Positions by $10.4M
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.