"Hyperliquid Early Contributor Loracle" opens new short positions of $56 million in BTC and ETH, with a total position size exceeding $110 million.

BlockBeats News, February 4 — According to Coinbob’s popular address monitoring, “Hyperliquid early contributor Loracle” opened a 20x leveraged BTC and ETH short position today with a scale of 56 million USD. Both short positions are currently showing unrealized losses. Additionally, during the rise of spot gold, they simultaneously opened a 10x leveraged PAXG (on-chain gold) long position. The main holdings are as follows:

HYPE (5x long): approximately $49.67 million in position size, average price $24.37, unrealized profit about $13.63 million (+137%).

ETH (20x short): approximately $29.49 million in position size, average price around $2207, unrealized loss about $930,000 (-64%).

BTC (20x short): approximately $27.08 million in position size, average price around $74467, unrealized loss about $737,000 (-56%).

PAXG (10x long): approximately $3.02 million in position size, average price around $4985, unrealized profit about $63,000 (+20%).

Compared to yesterday, the account’s position size increased from $50 million to $110 million. The current HYPE long position’s unrealized profit has retraced about $6 million since yesterday. The large-scale establishment of BTC and ETH short positions may be intended to hedge against their substantial HYPE long holdings. They remain the largest on-chain HYPE whale.