Trader loracle.hl is holding a 1.71 million HYPE short position valued at about $95.79 million, according to Lookonchain (blockchain analytics platform). The analytics service said the trader is still increasing the bearish position even as floating losses are nearing $20 million. The reported liquidation price is around $69.78, the level at which the position could be forcibly closed if losses continue to rise. In crypto derivatives markets, a short position reflects a bet that an asset’s price will fall, while liquidation risk increases when the market moves against that trade.