Top Oracle Chain On-chain Holdings Surge 88%, Whale Opens $9.5M ORCL Long Position

BlockBeats News, August 4th, according to TradingBeats (formerly Hyperinsight) monitoring, Oracle (ORCL) open interest value increased by 88.43% to approximately $57.05 million within 24 hours, ranking first in the Hyperliquid traditional market with a certain trading volume ($10 million). Approximately $26.77 million in new notional positions were added.

ORCL is currently trading at $144.05, up about 9.1% in the past 24 hours, near the daily high. During the same period, the trading volume increased from approximately $1.55 million in the previous weekend's 24 hours to $24.43 million, a 15.8x increase; the trading volume rose from 11,800 to 176,200 contracts.

The stockpile position of the million-dollar whale still remains significantly bearish. The long-to-short ratio is 1:3; the total long position is approximately $11.13 million, while the short position is around $20.48 million, with a long-to-short ratio of about 0.54:1 in terms of value.

In the past 24 hours, the net long position of the above sample increased by approximately $11.13 million, and the net short position increased by about $10.73 million, with large funds remaining relatively balanced. There are a total of 4 addresses with new million-dollar positions, with a combined current position of approximately $20.40 million.

Among them, the smart money (0xc8b) that previously rebounded from the SKHX low and pocketed $5.717 million in profit has become the largest new long in this round. The address accumulated 67,100 ORCL contracts early this morning, with a transaction value of approximately $9.536 million and a weighted average entry price of $142.01.

At the time of writing, the address holds a leveraged long position in ORCL at 2 times leverage, with a floating profit of approximately $137,000 (+2.9%), a liquidation price of $74.7. This position accounts for 87% of the value of the new million-dollar whale position and currently has no pending orders.

The market chasing cost has also significantly increased. The current hourly funding rate for ORCL is approximately +0.0041%, with a cumulative rate of about +0.0529% in the past 24 hours, representing an increase of about 120% compared to the previous 24 hours' +0.0240%.

Previous articles involving this smart money: SKHX Soars But Experiences Deleveraging Again? 27% Capital Outflow to Shift Positions to Micron, SanDisk