Trader Loracle Turns Bullish, Joins Longs on the Dip, HYPE Long Position Reaches $8.6 Million

BlockBeats News, June 4th, according to Hyperinsight monitoring, the former HYPE's largest short seller "trader Loracle" has recently shifted his overall position from short to long, and has accumulated long positions in HYPE, ZEC, WLD, TON, ASTER, NEAR, and XMR. Among them, the long position in HYPE remains his largest allocation, opened with 2x leverage yesterday, and continues to accumulate during today's price drop, with a scale reaching $8.6 million, and still increasing.

Loracle currently holds 892,500 HYPE spot tokens (valued at approximately $60.7 million), and after switching to long positions on the futures side, his HYPE exposure has completely shifted to a unilateral bullish exposure. Currently, except for XMR, the long positions in the other 6 coins have all incurred varying degrees of unrealized losses.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae