Trader "Loracle" went long on gold and short on oil with a seven-figure position, experiencing a two-way P&L loss of $1.1 million in today's market conditions

BlockBeats News, March 23, according to Hyperinsight Monitoring, influenced by today's sharp rise in crude oil and sharp decline in gold, the "Hyperliquid early contributor Loracle" (0x8de) held PAXG (gold) long position and WTIOIL (WTI crude oil) short position are facing a two-way loss, with a current total floating loss of $1.1 million, and the total size of this hedge position is about $10.5 million.

In addition, the address has chosen to continue to increase its HYPE long position today, with a position size now increased to $19.4 million at an average price of $37.67. The address is owned by Loracle (X: loraclexyz), whose real name is Laurent Zeimes. Previously, on January 12, the position accurately bottomed out at an average price of $22, with a peak size of $52 million.