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Trader loses $20.95M shorting Hyperliquid as token price rises from $28.79

Market News
09 Nov 2026, 16:17 WIB
Tokenpost
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Bearish
Trader loses $20.95M shorting Hyperliquid as token price rises from $28.79

A trader who had taken a short position on the Hyperliquid (HYPE) token when it was trading at $28.79 faced a loss of $20.95 million as of November 8. This loss is specific to that short position, which loses value when the token price increases. The reported price level marks when the trader was already short but does not indicate the initial entry price. This highlights the risk of short selling in volatile digital asset markets.

Hyperliquid (HYPE) has a market cap of Rp335,07 trillion and a 24-hour trading volume of Rp19,21 trillion on Pluang as of Nov 09, 2026 21:32 WIB. The token is currently priced at Rp1.340.123 with a 1-day decline of 4.13%. Despite the recent short position loss reported, Pluang data shows a strong buy interest with 74% of order activity on the platform being buy orders and a typical hold time of 38 days.

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