HYPE: Lookonchain Flags $70M Loss on Short
HYPE trader loracle.hl lost over $70M in three months; 685,744 HYPE short faces liquidation at $101.15 as price holds $80.89.
SourceAnalysis
Lookonchain reported that loracle.hl has lost over $70M on $HYPE in the past three months, with a 685,744 $HYPE short position worth $54.88M now at risk of liquidation if the token reaches $101.15.
Current price action shows HYPE trading at $80.89 inside the Bollinger Bands with upper resistance at $83.5; the RSI at 81.39 signals overbought conditions while the MACD golden cross and price above both the EMA50 at $65.0 and EMA200 at $60.91 keep the broader structure bullish, suggesting any near-term pullback would likely target the 50-EMA before continuation. Large short position liquidations on HYPE price history and fresh HYPE price prediction models now factor heavily into institutional positioning.
Lookonchain
@lookonchainLooking for smartmoney onchain