Hyperliquid early contributor Loracle opens $56 million BTC and ETH short positions, with total holdings exceeding $110 million

ChainCatcher News, according to Coinbob's popular address monitoring, Hyperliquid early contributor Loracle today opened $56 million worth of 20x leveraged BTC and ETH short positions, both of which are currently at a floating loss. At present, he has placed about $6.6 million worth of ETH short orders in the price range of $2,400 to $2,440, which have not yet been executed. In addition, during the spot gold rally, he simultaneously opened a 10x leveraged PAXG (on-chain gold) long position.

The main position information is as follows: HYPE (5x long): position size about $49.67 million, average price $24.37, floating profit about $13.63 million (+137%). ETH (20x short): position size about $29.49 million, average price about $2,207, floating loss about $930,000 (-64%). BTC (20x short): position size about $27.08 million, average price about $74,467, floating loss about $737,000 (-56%). PAXG (10x long): position size about $3.02 million, average price about $4,985, floating profit about $63,000 (+20%). Compared to yesterday, his account position size increased from $50 million to $110 million, and the floating profit of the HYPE long position has retraced by about $6 million since yesterday. The large-scale establishment of BTC and ETH short positions this time may be intended to hedge against his massive HYPE long position. He remains the largest on-chain HYPE long whale.