18 days erased loracle.hl's $42.2 million perpetual contract profits accumulated over 10 months, and resulted in an additional $5.19 million loss.
According to Odaily, monitoring by Lookonchain shows that loracle.hl (@loraclexyz) made a profit of 42.2 million US dollars from perpetual contract trading over nearly 10 months. However, a short position on HYPE wiped out all profits and additionally caused a loss of 5.19 million US dollars within 18 days. Currently, most of the HYPE short positions have been closed, but there is still a remaining short position of 843,232 HYPE, worth 61.4 million US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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