「Hyperliquid Early Contributor Loracle」 Opens $56M BTC and ETH Short, Total Position Size Exceeds $110M

BlockBeats News, February 4th, according to Coinbob Popular Address Monitor data, the "Hyperliquid Early Contributor Loracle" today opened 20x leveraged short positions for BTC and ETH with a scale of 56 million. Both short positions are currently in unrealized losses. Currently, a short position of about $6.2 million is placed in the price range of ETH around $2400 to $2440, which has not been executed. In addition, during the rise in spot gold prices, a 10x leveraged long position in PAXG (on-chain gold) was opened simultaneously. The main position information is as follows:

HYPE (5x Long): Position size is about $49.67 million, average price $24.37, unrealized profit about $13.63 million (+137%).

ETH (20x Short): Position size is about $29.49 million, average price about $2207, unrealized loss about $0.93 million (-64%).

BTC (20x Short): Position size is about $27.08 million, average price about $74467, unrealized loss about $0.737 million (-56%).

PAXG (10x Long): Position size is about $3.02 million, average price about $4985, unrealized profit about $0.063 million (+20%).

Compared to yesterday, the account position size has increased from $50 million to $110 million. The current unrealized profit of the HYPE long position has retreated by about $6 million compared to yesterday. This large-scale establishment of BTC and ETH short positions may be intended to hedge against its massive HYPE long position. It is still the largest on-chain HYPE long whale.