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Trader loracle.hl closes $110M+ HYPE short at $46.46 million loss

Trader loracle.hl closes $110M+ HYPE short at $46.46 million loss

After reversing into leveraged longs across HYPE, ZEC and other tokens, loracle.hl later faced $6.65 million in unrealized losses as HYPE and ZEC declined, while three whales opened $10 million-plus Bitcoin shorts on Hyperliquid.

BTC
TON
NEAR

Fact Check
The core claim — that loracle.hl closed a $110M+ HYPE short at a $46.46 million loss — is directly corroborated by Cointelegraph (via TradingView), Crypto Briefing, and Bitget News, all citing HyperBot/on-chain data and originally @lookonchain on X. crypto.news independently confirms the $110M short was closed amid a short squeeze. The 2x HYPE long flip at ~$70.20 is unambiguously confirmed by the same sources. The 40x BTC long flip described in the claim is plausible given the broader context of high-leverage whale activity on Hyperliquid documented in BlockBeats reporting, though direct attribution of that specific 40x BTC long to loracle.hl is not as cleanly sourced as the HYPE trades — this minor uncertainty prevents a near-certain rating.
Summary

High-profile Hyperliquid trader loracle.hl closed a HYPE short position worth more than $110 million, realizing a $46.46 million loss as the token hit record highs. The trader then reversed into bullish positions, including a 2x HYPE long and additional longs in ZEC, WLD, TON, ASTER, NEAR and XMR. Hyperinsight said the trader’s biggest position became an $8.6 million 2x HYPE long, alongside 892,500 HYPE spot worth about $60.7 million, leaving overall HYPE exposure fully one-way long. On June 5, PANews, citing Onchain Lens, reported that declines in ZEC and HYPE pushed Loracle’s open longs into a combined $6.65 million unrealized loss, including more than $3.2 million on a 10x ZEC long and $1.567 million on the 2x HYPE long. Separately, Hyperinsight reported that three whales opened Bitcoin short positions of more than $10 million each on Hyperliquid within 10 hours, including a 40x leveraged $19.13 million position with a tight liquidation threshold.

Terms & Concepts
  • short squeeze: A price surge that forces short sellers to buy back assets, adding upward pressure.
  • liquidation: The forced closing of a leveraged position when losses exceed the trader’s available margin.
  • unrealized loss: A paper loss on an open position.