A whale closed a short position on HYPE at a loss of $4.52 million, then opened a new short position.

according to Lookonchain monitoring, the whale “0xf02d” has closed its short position on HYPE, which it had held for nearly two months, ultimately incurring a loss of approximately $4.52 million. However, the whale did not exit the market; instead, it reopened a short position after closing the previous one, shorting HYPE again.Data shows that the address subsequently opened a new short order on HYPE with 10x leverage, with a position size of approximately 283,900 HYPE, valued at around $19.34 million.