According to ChainCatcher reports, monitoring of popular addresses on Coinbob shows that the prices of BTC and ETH have declined in the past 24 hours, while HYPE remains relatively stable. The largest long whale for HYPE, Hyperliquid early contributor Loracle, closed all of his BTC and ETH short positions established the previous day within the past 6 hours. The total size of these short positions is approximately $56 million, with about $2.43 million in profit from BTC shorts and approximately $3.6 million from ETH shorts, pushing his total weekly profit to $16.6 million.
After closing these positions, the trader opened a new short position on BTC near $63,200 and simultaneously established an ETH short, continuing his hedging strategy of “short BTC and ETH while going long on HYPE.” He is currently again in profit. It is reported that he plans to take partial profits as BTC price drops to the $58,800 to $59,900 range. His main holdings are as follows: HYPE (5x long): approximately $50 million in position size, average price $24.37, unrealized profit about $13.9 million (+139%). ETH (20x short): approximately $8.1 million in position size, average price around $1,920, unrealized profit about $510,000 (+28%). BTC (20x short): approximately $35.7 million in position size, average price around $63,232, unrealized loss about $100,000 (+25%). This address is currently the largest long on-chain HYPE, and also one of the top whale shorting BTC, with a total position of $103 million and a profit of about $3.2 million in the past 24 hours.
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