Data: The giant whale Loracle.hl opened 156 BTC short positions at 20x leverage, worth 12.66 million USD

According to on-chain analyst Onchain Lens (@OnchainLens), the whale Loracle.hl (@loraclexyz) has opened a 20x short position of 156 BTC, with a position value of approximately $12.66 million.

The 10x position in SNDK opened 2 days ago is currently up over $648,000, and the 5x short position in HYPE is currently profitable by over $2.3 million. The overall cumulative profit of this address has exceeded $41 million.