Loracle.hl was out of hype for almost three months with a loss of more than $70 million, and $549 million was at risk of liquidation

On 22 August, a trader, Loracle.hl, lost more than $70 million in a HYPE transaction over the past three months, according to the Lokonchain monitoring. Currently, loracle.hl holds 685,744 hype empty silos, valued at approximately $5.48 million. If the HYPE price rises to $101.15, the empty position will trigger liquidation. The data show that loracle.hl has been in a loss on previous occasions due to the lack of hype. Its large empty silos had raised market concerns and were under increasing pressure as the prices of hype continued to rise. Marketers have suggested that the recent upward trend in HYPE has increased leverage risk and that if prices continue to break critical resistance positions, they may further trigger a chain of liquidations and drive short-term fluctuations。