According to on-chain analyst Onchain Lens (@OnchainLens), the prominent address Loracle (@loraclexyz) has opened a $11 million short position on $HYPE with 5x leverage on HyperLiquid, and the position is still growing, while simultaneously holding a 5x long position in 374.66 $PAXG.
Trader Loracle opens a 5x leverage short position on $HYPE worth $11M
TechFlowShare
Summary
A major trader, Loracle, has opened an $11 million short position on $HYPE with 5x leverage via HyperLiquid, according to on-chain data from TechFlow. The position is still increasing. Loracle also holds a 5x long position of 374.66 $PAXG. Position sizing appears to be a key component of their strategy, with significant exposure on both sides. Position trading remains a focal point for active traders in the current market.
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