HYPE: Trader Closes $110M Short Taking $46M Loss

Lookonchain reported that loracle.hl closed his full $110M+ HYPE short position and booked a $46.46M loss before flipping direction to open a 2x long on 82,195 HYPE tokens valued at $5.73M.

Price action on the 4h chart shows HYPE trading at $70.33 inside the Bollinger Bands with upper resistance at $75.54 and lower support at $66.9 while the EMA50 at $66.53 continues to act as the key long-term floor above the EMA200 at $54.8; with RSI(14) neutral at 52.53 and MACD printing a death cross at 1.62, the structure favors a measured pullback toward the 50-EMA before any sustained push higher, aligning with the fresh long exposure now on the tape.