73000 was briefly lost this morning, and Loracle's short HYPE floating loss expanded to $29 million

Affected by the implementation of the US Iran ceasefire memorandum of understanding, the risk aversion sentiment in the Middle East quickly cooled down, and the cryptocurrency market experienced a collective correction this morning. BTC fell below 73000 USDT this morning, with a continuous downward shift from its 4-hour high point, and the short-term bearish structure gradually becoming apparent. Along with the decrease in market risk appetite, the long short game on the chain has further intensified. On chain data shows that the HYPE 5-fold leverage short position previously established by Loracle has been continuously squeezed by long positions, and the floating loss has now expanded to about 29 million US dollars, attracting widespread market attention. At the same time, the address known as the "1011 Turnaround Whale" in the market added 2407 ETH short positions in the early hours of the morning, with a value of about 4.86 million US dollars. Currently, the total size of its ETH short positions has risen to about 6.54 million US dollars. On the market, the area around 73000 USDT remains an important observation area for short-term trading; If it cannot be effectively recovered in the future, the market may further test the support around 72000. Attention should be paid to the suppression situation in the 74500-75500 USDT area above. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.