Hyperinsight said the trader’s HYPE short was opened at $52.9926, alongside an ETH short worth about $20 million with an entry price of $1,843.05.
Hyperliquid trader Loracle increased a bearish position on HYPE, taking the token short to a value of $19.76 million, according to Hyperinsight monitoring on Aug. 2. The position was opened at $52.9926. Loracle also holds an ETH short worth about $20 million, with an entry price of $1,843.05. Large short positions can signal an expectation of lower prices and are closely watched in perpetual futures (crypto derivatives without expiry) markets because they can influence sentiment and liquidation risk.