Loracle Reduces HYPE Short Positions for 9 Hours, Moves 893K HYPE to HyperEVM

According to Hyperinsight monitoring, HYPE's largest short trader Loracle has been reducing short positions for 9 consecutive hours on May 31, with cumulative closures of $7 million. His remaining short positions are valued at $108 million with unrealized losses of $34.6 million.

Separately, Loracle transferred 893,000 HYPE from unstaking, worth approximately $59 million, to his HyperEVM address. The spot position remains unchanged from further action.