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.