A whale added over $5.34 million to their HYPE short position half an hour before a certain contract trade incurred a $22 million loss.

On July 12th, according to on-chain data, a whale added 49,939.28 $HYPE short positions with 5x leverage half an hour ago, with a position value now at $79.5 million. Additionally, the whale also holds a $236 million 10x Bitcoin short and a $137 million 10x Ethereum short.

It is worth noting that this address has accumulated a $22.52 million loss on Hyperliquid.