Loracle's SKHX long position loses 193%, weekly losses exceed $7.3M

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HYPE
$55.912.8%
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NEAR
$1.636.29%
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WLD
$0.33834.22%
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XPL
$0.0753-2.96%
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ASTER
$0.60270.26%
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According to the latest weekly market report, trader 'Loracle' is experiencing significant losses on a long SKHX position. Opened on June 24 at $1,229.4 with a $2.548 million investment, the position now trades at $992.3, representing a 19.3% decline. The unrealized loss amounts to $609,000, with a return rate of -192.9%. On-chain data indicates that Loracle’s remaining exposure is solely this one position. HYPE spot positions show a $6.502 million loss, while combined futures positions in NEAR, WLD, HYPE, XPL, ASTER, and SOL reflect a $5.143 million loss.

Huoxing Finance reports that, on July 29, according to Hyperinsight monitoring, storage positions continue to correct, intensifying pressure on the long position held by trader Loracle in SKHX. This position was opened on June 24 with 2x leverage, sized at approximately $2.548 million, at an average price of $1,229.40. As SKHX has dropped to $992.30, the cost basis has been breached by 19.3%, resulting in an unrealized loss of approximately $609,000 and a return rate of -192.9%, with losses nearing 1.93 times the margin. Loracle’s current storage exposure consists solely of this SKHX long position. Pressure is also evident on the crypto asset side: unrealized losses on HYPE spot total approximately $6.502 million; combined unrealized losses on NEAR, WLD, HYPE, XPL, ASTER, and SOL futures amount to approximately $5.143 million.

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