Hupzy (Spot On Chain)|May 31, 2026 03:12
๐ Whale trader loracle.hl lost $35M+ on a $110M+ HYPE short, wiping out $42M+ in perp profits in under 20 days. Account now down $829K from peak.
Partially closing HYPE short (still 1.5M HYPE / $103.1M) and flipping long on ASTER, ZEC, TON.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Classic capitulation โ squeezed trader rotating into altcoin longs. The $103M HYPE short remains a massive overhead wall. Forced rotation into ASTER, ZEC, TON may bring short-term buying pressure, but loss-driven entries tend to be opportunistic, not conviction-based.
--source: https://x.com/lookonchain/status/2060912870578430317
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