On February 12, the crypto market witnessed a dramatic price swing as BERA surged to $1.36 before plummeting over 30% within 15 minutes, reaching a low of $0.88. Such volatility created prime opportunities for savvy traders to capitalize on the market swings.
Precision Shorting: $630K Profit in Just 4 Hours
Data from Coinbob's popular address tracking showed that trader Loracle gradually built a short position near the price peak, with total exposure reaching $3.8 million. As prices crashed to around $0.90, the trader swiftly exited the position, securing a $630K profit in just four hours—a near 50% return on investment.
Diversified Hedging Strategy of a Market Whale
Notably, Loracle has been employing a multi-layered hedging approach across multiple assets on Hyperliquid. The trader currently holds the largest long positions in HYPE and PAXG, while maintaining the largest short position in BTC, totaling $10.7 million in exposure with floating profits nearing $1.1 million.
Background: Profile of a Strategic Trader
Originally named Laurent Zeimes, Loracle is an active participant in the Hyperliquid ecosystem and recognized as an early contributor. As the founder of Hypurrfun, the trader has recently been accumulating HYPE tokens at an average price of $22, signaling strong confidence in the project's long-term prospects despite remaining in a current drawdown.