Loracle Doubles Down on HYPE Short, Total Short Exposure Hits $40M

Prominent trader Loracle expands bearish stance with $19.76M in HYPE shorts and $20M in ETH shorts, signaling concentrated leverage risk.

Woofun AI reports that prominent Hyperliquid trader Loracle has expanded his short position on HYPE to a value of $19.76 million, established at an entry price of $52.9926. The trader simultaneously maintains a short position on ETH valued at approximately $20 million, with an entry price of $1,843.05.