Odaily reported that, according to monitoring from Onchain Radar, the continued rise in HYPE has brought several short positions close to their liquidation levels. The data shows that four wallets holding HYPE short positions have liquidation prices concentrated between $75 and $76. Their current distance from the liquidation line is only 1% to 4%.
Four HYPE short wallets near the $75-$76 liquidation zone
The four wallets together hold more than $12 million in positions. The addresses listed by Onchain Radar are: 0x37f2af56f635c108aa1324402c17ec0e9e3ee9af, 0x9f07dc88dc450978e5ddf973f6a0236a7cfbf99a, 0xa8cde6a19789e4d7964ce0e3da14aa29291d7275, and 0x7079b5814032c0b02425135f06f32a0084cdf2d2.
Short positions come under pressure when the underlying asset price rises. If the price reaches the relevant liquidation line, those leveraged positions enter the liquidation process. The information disclosed by Onchain Radar focuses on large HYPE short exposure under the current price increase, with the key figures being the $75-$76 liquidation range, a remaining gap of 1% to 4%, and more than $12 million in combined position size.