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WHALE UNDER PRESSURE: A MASSIVE MOVE IS RAISING CONCERNS
Trader Loracle has just unlocked and transferred 893,000 HYPE, worth nearly $59 million, to HyperEVM. At the same time, he has started reducing his short position, cutting roughly $3 million within the last few hours.
However, Loracle still holds a massive $114 million short position, currently sitting on an unrealized loss of approximately $35.5 million. The market is now watching closely, with many expecting the newly unlocked HYPE tokens to be sold soon.
What's even more interesting is that if Loracle sells his spot holdings without significantly reducing the remaining short position, he could face an extremely aggressive short squeeze. In the worst-case scenario, losses could exceed $100 million.
🔥 Is this whale preparing to exit the market, or is he getting closer to capitulating against HYPE's relentless rally?
#HYPEAllTimeHigh
$HYPE
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