According to Wu Blockchain, monitoring by Lookonchain shows that the whale loracle's short position on HYPE has expanded to over $100 million (1.71 million HYPE), with a current unrealized loss exceeding $23 million and a liquidation price of $69.49. However, MLM clarified in a post that this position is actually a hedge against its 2.16 million staked HYPE (approximately $104 million). Of this, 560,000 HYPE (around $26.9 million) is currently being unstaked. MLM emphasized that since the market closely monitors its wallet activity, directly unstaking and selling in the spot market would result in worse exit prices. Therefore, loracle opted to establish a short position via perpetual contracts in advance to lock in profits. https://www.(wublock123.com)/news/news-61444