HYPE's largest long whale bets on BTC and ETH are relatively weak compared to HYPE, with unrealized gains expanding to $15.3 million

BlockBeats News, February 5th, according to Coinbob’s popular address monitoring, due to the recent 24-hour price pullback of BTC and ETH, and a slight rebound of HYPE, the early contributor to Hyperliquid, Loracle, opened a hedge short position of approximately $56 million in BTC and ETH yesterday. Currently, this position has realized unrealized gains, and the HYPE long positions have also expanded, with total unrealized gains reaching $15.3 million. The main holdings are as follows:

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

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

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

This address is currently the largest long position in on-chain HYPE, and also the second-largest whale holding BTC and ETH shorts. The total account holdings amount to $117 million, with a profit of about $3.6 million in the past 24 hours.

Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as one of the early contributors. He is the founder of Hypurrfun. Recently, he has been active in Hyperliquid’s contract markets.