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HYPE’s Largest Short Has $5.56M Unrealized Profit After 22% Drop

Grade Abearish AI signal$HYPE
Lookonchain data cited by PANews shows HYPE’s largest short position, held by address 0xf02d, has an unrealized profit of $5.56 million after HYPE fell 22% from its peak. The address is short 715,334 HYPE, a position valued at $54.57 million. It has also earned $620,000 through funding payments. The concentrated short position is a notable data point for HYPE, with its size and funding gains indicating the address has benefited from the token’s pullback.

Bullish strength: 18/100

  • Positive sentiment on sustained interest

Bearish strength: 82/100

  • Price down 22% from its peak
  • Largest short position worth approximately $54.57 million

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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