Trader "Loracle" Shorting HYPE at All-Time High, Short Position Size Increased to Nearly $20 Million

On April 22, per monitoring from onchainschool.pro, the Ondo team transferred $34 million worth of tokens to a new wallet. Historically, such transactions are typically followed by a gradual move of tokens to a centralized exchange (CEX) and a subsequent sustained price drop.

April 22 — Crypto analyst Darkfost notes that altcoins now hold a 51% market share on Binance, up sharply from 31% at the start of March. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) have seen their shares drop to 30% and 17%, respectively. Notably, ETH’s trading volume share has fallen rapidly from 27% as of April 11. Darkfost attributes this trend to the market being in a consolidation phase, with capital rotating from mainstream coins to altcoins.

April 22 — According to HyperInsight monitoring (via Telegram @HyperInsight), Abraxas Capital — the leading short seller on the Hyperliquid platform — has added 54 BTC to its long position (valued at ~$4.2 million) over the past two hours. The firm’s total long position now stands at $5 million, with an average entry price of $77,450. Notably, the address fully closed its BTC short position on April 12 at ~$74,000 before opening a small long position. Today marks its first long position increase, and the address continues to actively accumulate BTC. Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060

On April 22, crypto exchange Hotcoin announced the launch of the **Hotcoin Alpha Trader House Point Survival Challenge**—featuring an immersive "Trade & Travel" trading experience. Registration is open from April 22 to April 26, 2026, with the competition running April 27 through May 3. During the event, users earn points by completing trades and other tasks. Top-ranked participants qualify for **up to 60-day stays at overseas trading retreats** in popular destinations like Chiang Mai, Osaka, Phuket, and Kuala Lumpur. Beyond accommodation, standout participants will gain access to exclusive platform partnerships, increased visibility (including broader traffic reach), and support for building their personal brand. Hotcoin notes the event aims to boost user trading activity and community engagement via innovative incentives, strengthening ecosystem interaction and user retention on the platform.

April 22 Coinbase Pro has launched perpetual gold and silver futures trading on its international platform, per an official announcement. The announcement notes the trading is available to retail traders and institutions in select jurisdictions.

April 22 — Official sources confirm that Ethereum layer-2 network OP Mainnet has rolled out Privacy Boost, an enterprise-grade privacy solution. Developed by Sunnyside Labs (the core development team behind the Optimism ecosystem), the solution leverages a ZK+TEE hybrid architecture and generates cryptographic proofs in under 500 milliseconds. Privacy Boost is a plug-and-play SDK supporting private computations across any OP Stack chain. Sunnyside Labs, a firm specializing in blockchain infrastructure, has collaborated with OP Labs and other core contributors for over three years to build the OP Stack’s core infrastructure.