Trader Loracle increased a bearish HYPE position by opening 8,730 additional short contracts near $55.71, adding roughly $486,000 in exposure. The wallet now holds a short position of 546,720 HYPE worth about $30.44 million, with an average entry price of $52.90. The position is currently showing an unrealized loss of around $1.52 million, while the liquidation price stands at $82.28. Over the past seven days, the wallet has recorded losses of about $2.27 million, Onchain Lens data shows.