Markets· ★★· neutral·

Large HYPE short of $35.5M sits on $23.1M unrealized loss

  • —Short of 433,100 HYPE with 10x cross leverage, position around $35.5M
  • —Average entry $28.79 vs current price $82.06, about 185% higher
  • —Unrealized loss of $23.07M, return of -1850%
  • —Position opened in September 2025 and adjusted several times since
Why it matters: A short with this much leverage could be forced to unwind if HYPE keeps rising, adding volatility and fuel for a short squeeze.
#HYPE
Source: TokenPost
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