Loracle incurs $3.92 million loss from partial HYPE short position closure

Onchain Lens data indicates that Loracle (0x8def...92dae) realized a $3.92 million loss after partially closing its HYPE short position and selling spot holdings. The entity still maintains a short position of 191,940 HYPE, valued at $15.33 million, with an unrealized loss of $4.97 million. Loracle has recorded a $16.41 million loss over the past 30 days, with total cumulative losses reaching $28.58 million.