Two major HYPE short sellers on Hyperliquid are collectively holding about $40.971 million in short positions and are down roughly $7.964 million on paper, according to TradingBeats. The monitoring data shows both traders set up 200 buy orders overnight between $64 and $77.77, worth a combined $33.953 million, with the apparent aim of buying back into weakness and closing positions in stages. One address starting with 0x939f is short about 240,500 HYPE at an average entry of $62.50 and is showing an unrealized loss of about $4.09 million. That wallet placed 100 buy orders from $70.1 to $77.77 totaling about $17.698 million, enough to cover the full short. Another address beginning with 0x37b8 is short about 274,800 HYPE at an average entry of $65.41, with an unrealized loss of about $3.875 million. It placed 100 buy orders from $64 to $72 totaling about $16.255 million, covering around 87.3% of the short exposure. HYPE was last quoted at about $79.51.
Two major HYPE short sellers on Hyperliquid are carrying a combined short position worth about $40.971 million and are down roughly $7.964 million on paper, according to TradingBeats on Sept. 11.
200 buy orders were placed overnight for staged covering
The data shows the two traders placed 200 buy orders overnight between $64 and $77.77, with a combined value of about $33.953 million, as they wait for a pullback to cover in stages. Most of the orders were created last night, and some were still being adjusted this morning.
Breakdown by address
One address beginning with 0x939f holds a short position of about 240,500 HYPE, with an average entry price of $62.50 and an unrealized loss of about $4.09 million. It placed 100 buy orders between $70.1 and $77.77 worth about $17.698 million, enough to cover the entire short.
The other address, starting with 0x37b8, holds a short position of about 274,800 HYPE, opened at an average price of $65.41, and is showing an unrealized loss of about $3.875 million. It placed 100 buy orders between $64 and $72 worth about $16.255 million, covering about 87.3% of the short position.
Current price and trigger levels
HYPE was last quoted at about $79.51, leaving it only about 2.2% above the nearest cover order at $77.77. If the token falls toward the $72 area, the second trader’s larger covering plan would also begin to enter the execution range.
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