「Trader Loracle」 Contrarianly Adds 268,000 HYPE Short Positions, Floating Losses Expand to $20.1 million

May 21 – Hong Kong-listed firm HashKey Holdings Limited (HKEX: 3887.HK) has announced that its licensed virtual asset trading platform, HashKey Exchange, is launching Spot Grid Trading. This new user-facing feature lets traders set and execute conditional orders within a custom-specified price range, giving users full control over every aspect of their trading strategy: plan creation, parameter configuration, activation, adjustment, performance monitoring, and termination. The initial rollout covers mainstream digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Chainlink (LINK), supporting seven spot trading pairs priced in USDT and USD. Notably, USDT-based trading pairs are restricted to professional investors, while USD pairs are accessible to all eligible users. Looking ahead, HashKey Exchange plans to expand its product ecosystem, add more supported trading pairs, and introduce additional order functions to provide users with more comprehen

May 21: According to official sources, Binance will launch trading for USDT-margined SpaceX (SPCX) Pre-IPO perpetual contracts at 12:45 a.m. Beijing time. The maximum leverage allowed for these contracts is capped at 5x.

May 21: According to Bitget market data, preOPAI is currently trading at $902, with a 4.25% change over the past 24 hours. Its intraday high hit $905, and trading volume stands at approximately $896,000.

May 21 — Goldman Sachs reports that as the Middle East conflict drags on and supply remains constrained, global crude oil and refined product inventories are being drawn down at a record pace this month. In a May 20 report, the Wall Street bank’s analysts noted that visible inventories have fallen at a record daily rate of 8.7 million barrels in May — nearly double the average pace since the conflict began. “The physical market continues to tighten, with estimated oil exports through the Strait of Hormuz still at only 5% of normal levels,” the analysts said. They added that two-thirds of May’s inventory decline is being driven by a reduction in so-called “floating storage,” as export drops outpace declines in imports. Import softness is now spreading from Asia to Europe, they highlighted, noting that European jet fuel imports are 60% below the 2025 average level.

May 21. On May 20, the U.S. Spot Hyperliquid ETF notched $25.5 million in net inflows—its largest single-day haul since launch. In the days leading up to that date, the ETF had posted net inflows of $4.4 million on Monday and $11 million on Tuesday. Data shows the 21Shares Hyperliquid ETF (THYP), which launched on May 12, brought in $16.7 million in net inflows that same day—up from the $5.3 million it saw the prior day. The Bitwise Hyperliquid ETF (BHYP), launched on May 14, took in $8.8 million, a jump from the $5.7 million it recorded the day before. Over its first seven trading days, the entire category has pulled in a total net inflow of $54 million. Peter Chung, research director at Presto Research, noted that when adjusted for market capitalization, institutional flows into the HYPE ETF have outpaced the speed of inflows into Bitcoin ETFs so far this year. Dominick John, an analyst at Zeus Research, added that these inflows signal investors are capitalizing on entry points tie

May 21 Update: Per on-chain analyst Ai (@ai_9684xtpa), Grayscale’s affiliated address has accumulated 228,883 HYPE tokens worth $12.1 million over the past 17 hours. Since May 14, the same address has withdrawn a total of 325,205 HYPE tokens ($16.48 million) at an average price of $50.69, translating to $1.7 million in current unrealized gains.