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「Hyperliquid Early Contributor Loracle」, who made a substantial profit, is now re-depositing BTC, feeling comparatively less HYPE, and plans to take profit in stages between $58,800 and $59,900.
BlockBeats News, February 6. According to Coinbob Popular Address Monitor, BTC and ETH prices have fallen in the past 24 hours, while HYPE remains relatively stable. The largest HYPE bull whale, "Hyperliquid early contributor Loracle," has closed all BTC and ETH short positions established the day before in the past 6 hours. The total size of these short positions is approximately $56 million, with the BTC short position profiting about $2.43 million and the ETH short position profiting about $3.6 million, bringing its total weekly profit to $16.6 million.
After closing the positions, the trader opened new short positions around $63,200 for BTC and established ETH short positions, continuing their hedge strategy of "shorting BTC and ETH while longing HYPE." They are currently in profit again. It is reported that they plan to take profit in batches as the BTC price drops to the range of $58,800 to $59,900. The key position details are as follows:
HYPE (5x Long): Position size approximately $50 million, average price $24.37, profit approximately $13.9 million (+139%).
ETH (20x Short): Position size approximately $8.1 million, average price around $1920, profit approximately $510,000 (+28%).
BTC (20x Short): Position size approximately $35.7 million, average price around $63,232, loss approximately $100,000 (+25%).
This address is currently the largest long position holder of HYPE on-chain and also a top whale in BTC short positions, with a total account size of $103 million and a profit of approximately $3.2 million in the past 24 hours.
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