Key Takeaways A Hyperliquid whale unstaked 443,180 HYPE ($27M) and sold 231,899 HYPE ($14.15M) as the trader’s short position came under pressure. HYPE reached a new all-time high of $64.21 on May 24, squeezing multiple short positions across the platform. The trader still holds a 141,500 HYPE short worth $8.67M as 211,281 remaining tokens continue hitting the market. A Short Position Under Pressure Hyperliquid’s HYPE token hit an all-time high of $64.21 yesterday, putting short sellers on the decentralized perpetuals exchange in a difficult spot. One trader who bet against the token’s rise is now cutting exposure with onchain data …