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Famous crypto trader Loracle has increased their short position on the HYPE token by 19,819.77 units, deploying an additional $1.04 million to bet on a price decline. Data from Coin World Network shows the trade was executed via the wallet address 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae. The addition brings Loracle's total short position on the asset to a massive $6.04 million. 📊 Loracle's HYPE Short Position Metrics Position Increase: +19,819.77 HYPE (~$1,043,689.25) Total Position Size: $6,044,194.52 Average Entry Price: Adjusted from $54.32 down to $54.16 Current Token Price: $53.48 Liquidation Price: $207.19 Current PnL: +$77,705.55 (+2.57%) 💡 Key Takeaways from the Trade Aggressive Conviction: By adding to the short position at a lower average price ($54.16), the trader is "selling the ribs," signaling high confidence that HYPE has further room to fall. Deep In-The-Money: The trade is currently profitable by over $77,000 as the current token price ($53.48) sits below Loracle's average short entry. Massive Risk Cushion: With a liquidation price set way up at $207.19, the position is heavily protected against a sudden, violent short squeeze unless HYPE rallies over 280%. When a prominent whale heavily shorts a token like HYPE, do you view it as a strong sell signal to protect your capital, or do you look at it as a contrarian buying opportunity hoping for a short squeeze?