# Hyperliquid (HYPE) Short Position Was Down $20.95 Million

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/52352
Published: 2026-11-09T14:17:16.000Z
Updated: 2026-11-09T14:17:16.000Z
Section: Investing

> 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.