Address 0xde42 has been methodically unwinding a massive 140K $HYPE position worth $3.5M, closing out their short through strategic bid orders. The trader locked in profits exceeding $150K on this trade.

The broader takeaway? It's high time the market stopped giving late shorters an easy pass. Those who jump into short positions when the trend is already rolling should face real consequences, not rewards. When every bearish bet prints money regardless of timing or thesis, it distorts price discovery and punishes disciplined traders. Real market balance happens when poor positioning decisions actually hurt, forcing traders to be more thoughtful about when and why they're taking on directional risk.