The short on $HYPE has already started to hit the market hard.
The biggest short, Loracle, just placed a $75 million short order at $64, and he's added a new VVV short as well.
Right now, his total short position has reached $143 million, with the largest HYPE short's liquidation price pinned at $89.
If the price pushes up another leg, we're looking at a full-on squeeze, and the shorts could get wrecked at any moment.
The current market is a high-stakes showdown where both bulls and bears are betting their entire fortunes on the line.
$HYPE #hype #Hyperliquid
The biggest short, Loracle, just placed a $75 million short order at $64, and he's added a new VVV short as well.
Right now, his total short position has reached $143 million, with the largest HYPE short's liquidation price pinned at $89.
If the price pushes up another leg, we're looking at a full-on squeeze, and the shorts could get wrecked at any moment.
The current market is a high-stakes showdown where both bulls and bears are betting their entire fortunes on the line.
$HYPE #hype #Hyperliquid