On-chain data cited by ChainCatcher shows that whale trader Loracle’s 3x leveraged short position on HYPE has moved deeper into the red as the token’s price keeps rising. The unrealized loss on the position has now reached $3.029 million. The position is currently valued at about $7.06 million, and its return on investment stands at -128.73%. The update reflects a continued deterioration in the trade as HYPE extends its upward move.
ChainCatcher reported, citing on-chain data monitoring, that whale trader Loracle’s 3x leveraged short position on HYPE has seen its unrealized loss widen as HYPE continues to rise.
The position is now showing an unrealized loss of $3.029 million. Its value is about $7.06 million, with return on investment at -128.73%.
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