Trader Rakes in $638,000 in One Hour by Shorting BERA

Trader Rakes in $638,000 in One Hour by Shorting BERA

According to Lookonchain on February 12, trader loracle.hl made a staggering $638,000 in just one hour by shorting BERA, drawing widespread attention from the crypto market.

When BERA broke above the $1 mark, he initiated a short position and gradually added to it as the price climbed to $1.33. He then swiftly closed his position once the price fell below $1, locking in substantial profits.

Moreover, loracle.hl is not only a skilled short-seller but also the largest holder of HYPE long positions. He currently holds 1.53 million HYPE tokens on the long side, valued at approximately $46.45 million.

• Precise timing and rapid execution
• Profits exceed $600,000 within an hour
• Diversified strategy with HYPE long exposure

This event highlights the volatility of the cryptocurrency market and how experienced traders can capitalize on short-term price swings for significant gains.