According to online reports, according to monitoring by chain analyst Ember, a margin of US$28.5 million was used to short 1.875 million HYPE(US$57.14 million) whales, and a floating loss has been US$18.8 million. In order to avoid positions being liquidated, a margin of 2.04 million USDC was increased 2 hours ago. He shorted 1.875 million HYPE units with 5x leverage on May 8, opening the position at $20.4. HYPE has been rising all the way since then and has increased the margin twice to maintain the position. The current clearing price of the position is US$32.6.