Loracle, after losing $46 million shorting, switched to long positions. The counterparty is currently up $1 million on their short HYPE position.

Onchain Lens monitoring shows that after losing over $46 million in short positions, the whale Loracle (@loraclexyz) has opened a new 2x long position of 82,195 HYPE tokens, valued at $5.7 million, and simultaneously opened a 10x NEAR long position, which is still being increased. On the other hand, the whale "0x97f" has opened a 10x leveraged short position of 270,000 HYPE tokens, valued at $18.77 million, with current unrealized profits exceeding $1 million.