Hyperliquid early contributor Loracle establishes a $56 million short position in BTC and ETH, with a total position size exceeding $110 million
According to Coinbob's popular address monitoring, Hyperliquid early contributor Loracle today opened a 20x leveraged short position on BTC and ETH with a scale of 56 million, both of which have incurred unrealized losses. Currently, it has placed a short position of about 6.6 million dollars in the ETH price range of approximately 2400 to 2440 dollars, which has not yet been executed. In addition, during the rise in spot gold, it also opened a 10x leveraged long position on PAXG (on-chain gold).The main position information is as follows: HYPE (5x long position): position size approximately 49.67 million dollars, average price 24.37 dollars, unrealized profit approximately 13.63 million dollars (+137%). ETH (20x short position): position size approximately 29.49 million dollars, average price approximately 2207 dollars, unrealized loss approximately 930,000 dollars (-64%). BTC (20x short position): position size approximately 27.08 million dollars, average price approximately 74467 dollars, unrealized loss approximately 737,000 dollars (-56%). PAXG (10x long position): position size approximately 3.02 million dollars, average price approximately 4985 dollars, unrealized profit approximately 63,000 dollars (+20%). Compared to yesterday, its account position size has increased from 50 million dollars to 110 million dollars, and the current HYPE long position has seen an unrealized profit decrease of about 6 million dollars. This large-scale establishment of BTC and ETH short positions may be intended to hedge against its substantial HYPE long position, making it the largest on-chain HYPE long whale at present.