A whale shorting 1.875 million HYPE with a $28.5 million margin is currently facing an unrealized loss of $18.8 million

According to on-chain analyst Ember's monitoring, a whale who shorted 1.875 million HYPE (worth $57.14 million) using a $28.5 million margin is currently facing an unrealized loss of $18.8 million. To avoid liquidation, they added an additional $2.04 million USDC margin 2 hours ago. They initially shorted 1.875 million HYPE with 5x leverage on May 8th, with an opening price of $20.4. As HYPE continued to rise, they have added margin twice to maintain the position, and the current liquidation price is at $32.6.