Hyperliquid bear turns bullish after losing over $46M shorting HYPE
Summary
A whale trader known as “loracle.hl” finally exited a massive HYPE short after the token’s rally, realizing a $46.46 million loss plus over $54,000 in funding fees. He then flipped bullish, opening a 2x long on 82,200 HYPE worth about $5.98 million around $70.20. The position was already in profit as HYPE rose to $72.80. He also held longs in ZEC and NEAR, making him net long on Arthur Hayes’ “holy trinity” trade: HYPE, NEAR, and ZEC. The three positions were together up more than $920,000. HYPE’s chart still points to a potential $105 target if the bull pennant breakout continues.
