After reaching a peak, BERA's price dropped by 30%. Trader "Loracle" accurately shorted at the top and has now taken profit.

BlockBeats News, February 12th, according to Coinbob Popular Address Monitor, BERA's price this morning once surged to $1.36, then quickly fell back over 35% within 15 minutes, hitting a low of $0.88. Trader "Hyperliquid Early Contributor Loracle" gradually built a short position in the $1 to $1.33 range during this period, reaching a peak position size of $3.8 million. The address chose to close the entire position for profit when the price fell to around $0.9, with the entire operation taking only 4 hours, earning a total of $630,000, with a return of nearly 50%.

The address has recently been using a compound hedging strategy, simultaneously holding a large HYPE long position and significantly shorting BTC. Currently, the whale ranks as the largest long for HYPE and PAXG as well as the largest short for BTC on the Hyperliquid platform, with a total position size of $107 million, with an overall unrealized profit of nearly $11 million.

Loracle (X: loraclexyz), real name 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, buying the dip in HYPE at an average price of $22 and has not yet closed the position.