Loracle Liquidates All HYPE Short Positions, Suffers Over $46 Million in Losses

BlockBeats News, June 2nd, according to OnchainLens monitoring, trader and institutional account Loracle (@loraclexyz) has completely closed out his previously high-profile HYPE short position, with total accumulated losses exceeding $46 million.

HYPE has recently continued to hit new all-time highs and rise against the trend, causing many high-leverage shorts to experience significant liquidation or forced exits. With Loracle's full exit from the HYPE short market, this trade has become one of the most representative cases of massive losses in this round of the HYPE bull market.

Currently, Loracle has shifted the focus of his positions to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), while maintaining a short position in TSLA (Tesla) with 5x leverage.