ChainThink report: According to on-chain data, well-known trader Loracle has recently adjusted his cryptocurrency positions, slightly reducing his HYPE short exposure while adding new SOL short positions, and liquidating previously held small short positions in VVV and LIT.

His HYPE short position has decreased from approximately 1.83 million contracts to 1.73 million, a reduction of about 100,000 contracts. The current position remains underwater, with unrealized losses amounting to roughly $35 million, and a liquidation price around $91.51.

Loracle still holds approximately 892,000 HYPE spot tokens, valued at approximately $59 million based on current market prices.

Driven by ETF expectations and capital inflows, HYPE has recently continued setting new all-time highs. The market is closely monitoring whether he will reduce his spot holdings in the coming days, potentially impacting price dynamics.

Previously, Loracle posted comparative insights on HYPE versus SOL ETFs and hinted at potential correction risks for HYPE—content that has since been removed.

The market generally views his subsequent position adjustments as a key barometer for HYPE’s short-term price direction.