"This round of hyperliquid:native keeps hitting new highs, and the biggest victim has to be the unlucky trader Loracle! Let’s take a look at this series of painful moves— May 21-22: The higher it went, the more Loracle shorted. He increased his 5x short position to $109.5M, with unrealized losses exceeding $26.5M. Then, he deposited 616,670 HYPE into Hyperliquid and started selling. May 29: Unlocked another 892,513 HYPE/$55.9M, while still holding a 1.75M HYPE/$108.5M short position, with unrealized losses of $28.77M. May 30-31: Started to admit defeat and reduce positions slightly. Loracle trimmed his short position to 1.73M HYPE, with unrealized losses around $35M, while still holding about 892K in spot. June 1: After HYPE broke above $72, Loracle had closed over 50% of his short positions but still held 843,232 HYPE/$60.7M shorts, with unrealized losses exceeding $22M. For a 5x short position, this kind of one-sided rally quickly eats up the margin, forcing traders to surrende