HYPE: Trader Expands $95M Short Despite $20M Loss

Lookonchain flagged that loracle.hl has now lost nearly $20M on a HYPE short yet continues to scale in, currently sitting on a 1.71 million token position valued at $95.79 million with liquidation at $69.78.

Price action on the four-hour chart keeps HYPE inside the Bollinger Bands with the upper band at $58.19 acting as immediate resistance. With RSI at 81.03 flashing overbought and the MACD still printing a golden cross above the EMA50 support of $47.14, a measured pullback toward that level looks likely before any fresh leg higher.