Two major short sellers of HYPE lose nearly $8 million, plan to exit.

BlockBeats news, September 11th, according to TradingBeats monitoring, two HYPE short sellers on Hyperliquid collectively hold approximately $40.971 million in short positions, with unrealized losses of about $7.964 million. Last night, the two placed 200 buy orders in the $64 to $77.77 range, totaling approximately $33.953 million, waiting for the price to pull back to cover their positions in batches.

Among them, an address starting with 0x939f holds approximately 240,500 HYPE short orders at an average price of $62.50, with unrealized losses of about $4.09 million. It placed 100 buy orders between $70.1 and $77.77, totaling approximately $17.698 million, covering all short positions.

Another address starting with 0x37b8 holds approximately 274,800 HYPE short orders at an average entry price of $65.41, with unrealized losses of about $3.875 million; it placed 100 buy orders between $64 and $72, totaling approximately $16.255 million, covering about 87.3% of the short position.

The two sets of orders were mainly created last night, with some pending orders still adjusted this morning. HYPE is currently trading at around $79.51, only about 2.2% away from the nearest cover order at $77.77; if it continues to fall to around $72, the second short seller's large-scale cover plan will also begin to enter the execution range.