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In the past 6 hours, the total liquidation of short positions for HYPE has exceeded $12.65 million across the network. The largest HYPE bear whale has reduced its position by $35 million in the past week.
BlockBeats News, November 25th, according to Coinglass data, within the past 6 hours, HYPE's network-wide short positions worth approximately $12.65 million were liquidated, with the majority being liquidated on Hyperliquid, accounting for about 94% of the total.
In addition, according to HyperInsight monitoring, the largest long position in HYPE on Hyperliquid is held by "Abraxas Capital," with a position size of $44.72 million. Recently, they have been gradually closing their long positions to take profit along with spot selling, resulting in a decrease in short positions from $89.30 million on the 18th to $44.70 million, with a remaining unrealized profit of $13.26 million.
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