coin-img-RNBWRNBW-30.34%coin-img-TRIATRIA-1.94%coin-img-BIRBBIRB-22.81%coin-img-HYPEHYPE-7.12%coin-img-MOLTMOLT-41.02%coin-img-ZAMAZAMA+8.76%coin-img-ETHETH-11.21%coin-img-BTCBTC-8.97%coin-img-RNBWRNBW-30.34%coin-img-TRIATRIA-1.94%coin-img-BIRBBIRB-22.81%coin-img-HYPEHYPE-7.12%coin-img-MOLTMOLT-41.02%coin-img-ZAMAZAMA+8.76%coin-img-ETHETH-11.21%coin-img-BTCBTC-8.97%coin-img-RNBWRNBW-30.34%coin-img-TRIATRIA-1.94%coin-img-BIRBBIRB-22.81%coin-img-HYPEHYPE-7.12%coin-img-MOLTMOLT-41.02%coin-img-ZAMAZAMA+8.76%coin-img-ETHETH-11.21%coin-img-BTCBTC-8.97%coin-img-RNBWRNBW-30.34%coin-img-TRIATRIA-1.94%coin-img-BIRBBIRB-22.81%coin-img-HYPEHYPE-7.12%coin-img-MOLTMOLT-41.02%coin-img-ZAMAZAMA+8.76%coin-img-ETHETH-11.21%coin-img-BTCBTC-8.97%

Hyperliquid Trader Loracle Closes $56 Million in BTC and ETH Shorts, Targets $58,800-$59,900 BTC

Loracle, a significant early contributor and the largest HYPE long holder on the Hyperliquid platform, recently closed approximately $56 million in Bitcoin (BTC) and Ethereum (ETH) short positions over the past six hours. This strategic move resulted in realized profits of roughly $2.43 million from BTC shorts and $3.6 million from ETH shorts, according to Coinbob hot address data cited by BlockBeats. The trader subsequently reopened a BTC short near $63,200 and initiated an additional ETH short, indicating a continued hedged strategy against a substantial HYPE long position. Loracle plans to incrementally realize BTC profits if the price declines to the $58,800-$59,900 range. Total positions currently stand at $103 million, with about $3.2 million in profit over the past 24 hours.
Selected
BTC
BTC-8.67%
ETH
ETH-11.26%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.