Loracle partially closes HYPE short position and sells spot, realizing $3.92 million loss

According to Onchain Lens, Loracle (0x8def...92dae) partially closed its HYPE short position and sold spot holdings on September 12, resulting in a realized loss of $3.92 million. The entity still holds a short position of 191,940 HYPE, valued at $15.33 million, with an unrealized loss of $4.97 million. Its total losses over the past 30 days amount to $16.41 million, with cumulative losses reaching $28.58 million.