BlockBeats News, on February 4, according to... Coinbob Hot Address Monitoring It is reported that "Hyperliquid early contributor Loracle" opened short positions of 20x leverage on BTC and ETH with a total size of $56 million today. Both short positions are currently showing floating losses. At present, Loracle has placed short orders of approximately $6.2 million on ETH at a price range of around $2,400 to $2,440, which have not yet been executed. In addition, during the recent rise in physical gold prices, Loracle also opened a long position on PAXG (on-chain gold) with 10x leverage. Key position details are as follows:
HYPE (5x Long Position): Position size is approximately $49.67 million, average price $24.37, unrealized profit of about $13.63 million (+137%).
ETH (20x short position): Position size is approximately $29.49 million, average price is about $2,207, floating loss is approximately $930,000 (-64%).
BTC (20x short position): Position size is approximately $27.08 million, average price is about $74,467, floating loss is approximately $737,000 (-56%).
PAXG (10x long position): Position size is approximately $3.02 million, average entry price is about $4,985, floating profit is approximately $63,000 (+20%).
Compared to yesterday, the account's position size has increased from $50 million to $110 million. Currently, the long position in HYPE has experienced a floating profit drawdown of approximately $6 million compared to yesterday. The recent large-scale short positions in BTC and ETH may be intended to hedge against the massive long position in HYPE that the account holds. This account remains the largest whale holding HYPE on-chain.