After losing $46.46 million in a HYPE short, trader Loracle has started longing SK Hynix while simultaneously shorting crude oil.

BlockBeats News, July 14th: According to LookIntoChain's monitoring, after incurring a $46.46 million loss in a shorting HYPE position, Hyperliquid's renowned trader Loracle opened a new position today: longing SKHX while simultaneously shorting crude oil.

The P&L performance has been a rollercoaster, reaching a peak profit of $42.87 million at one point, then turning into a $17.27 million loss, and currently rebounding to an overall profit of $2.06 million.