Trader Loracle bottom-fishes nearly $16 million in SanDisk, long exposure continues to expand.

BlockBeats news, November 6 - According to TradingBeats monitoring, trader Loracle is significantly expanding his long exposure. His sub-account currently holds approximately $15.63 million in SanDisk (SNDK) long positions, with an average entry price of $826.77, unrealized profit of about $656,800, and a return rate of approximately 39.5%.

This SanDisk long position was mainly established in the early hours of today. In addition to SanDisk, this address also opened approximately $3 million in ETH long positions today (average buy price $2,250), which currently shows a slight unrealized loss of about $28,500.

Among Loracle's main account and 7 sub-accounts, a total of 3 addresses have traded since the U.S. stock market opened last night. Although two of the active sub-accounts ("smb" and "smbxyz") reduced their combined net long exposure by approximately $290,000 — "smb" reduced PAXG and XMR long positions and increased BNB and UNI short positions; "smbxyz" slightly reduced some SanDisk and other tech stock long positions.

Driven by the main account's significant position building, the net long exposure across Loracle's 8 associated addresses has surged from approximately $61.32 million at last night's U.S. stock market open to $79.43 million, a net increase of about $18.11 million.

Additionally, the account group's existing short base positions remain unchanged. NEAR, PEPE, and Oracle short positions are all unchanged, currently valued at approximately $16.84 million, $8.86 million, and $1.93 million respectively; Loracle's main account's approximately $8.11 million HYPE short position also remains unchanged. After accounting for minor adjustments in other sub-accounts, the total short position value across the 8 associated addresses is approximately $38.9 million, a slight increase of about $370,000 from last night.