Hyperliquid Early Contributor Loracle Initiates $56M Leveraged BTC and ETH Shorts; Total Positions Exceed $110M

Hyperliquid early contributor Loracle initiated significant leveraged positions on February 4, opening $56 million in 20x leveraged Bitcoin (BTC) and Ethereum (ETH) short positions. According to Coinbob's address tracking data, these newly opened shorts are currently experiencing unrealized losses. Loracle's total derivatives exposure surged from $50 million to over $110 million. The portfolio also includes a $49.67 million 5x HYPE long position, which has generated substantial unrealized profits despite a recent $6 million retracement, alongside additional pending ETH shorts and a PAXG long position, indicating a complex and highly leveraged trading strategy.