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Whales took a hit, closing a short position worth $HYPE , then quickly pivoted to new assets.
Big player Loracle just cleared a $16 million short on HYPE, leaving a remaining position valued at $89 million. This short has already lost over $30 million, and they couldn't hold on any longer, forced to cut back.
On the flip side, capital is shifting gears, with $6.5 million pumped into ZEC, TON, and ASTER long positions, and they're still adding to those stacks.
Short sellers are cutting losses, helping to support the HYPE market, while the main funds are quietly transitioning to new tracks. $TON $ZEC
#ICEBacksOKXOilPerps #HYPEShortSqueezeWatch #CFTCOpensBitcoinPerps
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