HYPE whale sells $27.45 million in spot holdings while maintaining short position

According to Onchain Lens, a HYPE whale sold $27.45 million worth of HYPE spot tokens today and has been reducing their short position. The trader currently holds a short position of 369,130 HYPE (approximately $30.23 million) and a spot position of 343,640 HYPE (approximately $28.11 million). The trader has recorded a 30-day loss of $5.82 million and a total loss of $6.79 million.