Hyperliquid (HYPE) Short Position Was Down $20.95 Million

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 reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.