Loracle closes HYPE short position, with a cumulative loss of over $460 million

According to OnchainLens monitoring, traders and institutional account Loracle (@ loraclexyz) have fully closed their HYPE short positions, with a cumulative loss of over $460 million. HYPE has recently continued to hit historic highs, with multiple high leverage bears experiencing pullbacks or even leaving the market. At present, Loracle has turned to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), XMR (5x leverage), and retaining short positions in TSLA (Tesla) at 5x leverage.