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ARE WHALES SHORTING HYPE UP TO $1.45 BILLION?
$HYPE has dropped from its peak of $97 to around $80 in just three weeks.
According to shared on-chain data, the Abraxas fund continues to maintain a massive short position on Hyperliquid, even after having closed its previous hedge positions.
For those of you holding HYPE, keep a close eye on the situation. But don't let the fact that whales are short lead you to hastily conclude that the price is bound to keep falling!
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