BlockBeats News, May 27th, according to Hyperinsight monitoring, last night this morning, the "Trader Loracle" attempted to short SNDK (SanDisk) twice, experiencing 3 liquidations in total, with a cumulative liquidation size of $530,000. With HYPE rising above $62, the whale account's margin dropped to below $500.

The address is currently short 1.8 million HYPE with 5x leverage. Due to the increase in HYPE price, the position size has passively increased to $112 million, with an entry price of $45.37 and a liquidation price of $89.4, resulting in a floating loss of $30.5 million (-136%); the account also holds a $35.5 million short position on BTC with a small loss.

This short position was opened on April 20th when the HYPE price was around $41. In the past week, the trader's account has seen cumulative withdrawals of over $22.9 million.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae