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Add as a preferred source on GoogleHyperliquid (HYPE) Short Position Was Down $20.95 Million
The trader had been short since HYPE traded at $28.79. The loss figure applies to that position alone.
A trader who had been short Hyperliquid (HYPE) since the token traded at $28.79 was down $20.95 million on that position on Nov. 8.
The $28.79 level marks a price at which the trader was already short. It does not establish the price at which the position was opened.
A short position generally loses value when the asset’s price rises. The $20.95 million figure applies to this position alone, rather than the trader’s overall trading results.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.