HYPE Short Position Holds $5.06 Million Unrealized Loss

A short position in 100,005 HYPE carried an unrealized loss of approximately $5.06 million as of Oct. 13, with a notional value of about $8.31 million at a marked price of $83.049.

The position represented roughly 0.498% of HYPE futures open interest, which stood at about $1.67 billion at the time of observation.

Observed realized PnL from the account’s contract trades was -$0.00 million, excluding funding fees. The observed realized PnL uses a different calculation from the unrealized loss.

The position was recorded at 3:22 a.m. ET (07:22 UTC) on Oct. 13. Its observed distance from the liquidation price was 59.48%, a measure that does not constitute a liquidation forecast.