BlockBeats News, June 2nd, according to OnchainLens monitoring, trader and institutional account Loracle (@loraclexyz) has completely closed out his previously high-profile HYPE short position, with the total accumulated loss exceeding $46 million.

HYPE recently hit consecutive all-time highs and rallied against the trend, causing significant liquidation for many high-leverage short positions. With Loracle's full exit from the HYPE short market, this transaction has become one of the most representative cases of massive losses in this round of HYPE's bull market.

Currently, Loracle has shifted his position focus to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), while retaining a short position in TSLA (Tesla) with 5x leverage.