HYPE's Biggest Long Whale Bets on BTC, ETH as HYPE Weakens; Account Profit Surges to $15.3M

BlockBeats News, February 5th. According to Coinbob Popular Address Monitor, due to the recent 24-hour price drop of BTC and ETH and a minor rebound in HYPE, the "Hyperliquid early contributor Loracle" has currently realized a floating profit from the approximately $56 million BTC and ETH hedge short position opened yesterday. The floating profit of its HYPE long position has also expanded in sync, reaching an overall profit of $15.3 million. The main position information is as follows:

HYPE (5x Long): Position size of approximately $50.3 million, average price $24.37, floating profit of approximately $14.4 million (+142%).

ETH (20x Short): Position size of approximately $31.5 million, average price around $2201, floating profit of approximately $650,000 (+40%).

BTC (20x Short): Position size of approximately $26.6 million, average price around $74,480, floating profit of approximately $670,000 (+49%).

This address is currently the largest long position in on-chain HYPE and also the whale with the top 2 short positions in BTC and ETH. The total account position size is $117 million, with a profit of approximately $3.6 million in the last 24 hours.

Loracle (X: loraclexyz) originally named Laurent Zeimes. He is active in the Hyperliquid ecosystem, considered one of the early contributors and the founder of Hypurrfun. Recently active in the Hyperliquid contract market.