HYPE Trader: Short Position Down $20.95M Since $28.79

Onchain Lens highlighted a trader who has held a short in $HYPE since $28.79 and now faces a $20.95 million unrealized loss.

The position stands out against a separate solo trader who posted +$2.13 million in 24-hour PnL and ranks in Hyperliquid’s top five, with lifetime gains of $72.85 million and $145 million in open positions at address 0x45d26f28196d226497130c4bac709d808fed4029.

HYPE trades at $77.44 inside its 4-hour Bollinger Band, with price testing the upper resistance at $81.76 while the 50-EMA at $81.33 and 200-EMA at $84.0 cap any upside. RSI at 38.96 leaves room before oversold territory, yet the MACD golden cross at -1.56 already signals building bullish momentum; a rejection at the upper band would likely pull price back toward the lower band support at $75.28 before the next directional move.