HYPE: Trader Loses $60M Across Long and Short Positions

@lookonchain reported that loracle.hl(@loraclexyz) has lost over $60M trading $HYPE perpetuals, including a $46M short loss in June, a $2.33M long loss after flipping, and an additional $11.8M short loss.

With HYPE price at $71.4 testing upper Bollinger resistance at $70.58 while RSI(14) sits at 83.43 overbought and MACD shows a bullish golden cross, a healthy retracement toward the EMA50 support at $59.57 appears probable before continuation; this sequence of losses underscores how even experienced wallets struggle to time HYPE price prediction swings amid elevated volatility and may influence broader crypto market crash hedging strategies.