Whale Trader Makes Bold Move: Heavily Shorts BTC and ETH While Adding to PAXG Longs

Whale Trader Deploys New Position Strategy

According to Onchain Lens, on February 7, renowned trader loracle.hl recently initiated a new round of position adjustments. Utilizing a high-leverage strategy, the trader opened short positions on BTC and ETH at 20x leverage, while simultaneously going long on PAXG at 5x leverage.

Additionally, minor increases were observed in the short positions on LIT. As of now, the account's total profit has surpassed $32 million, showcasing the trader's sharp market insight.

Current Key Positions

• Long 1,478,842 HYPE (worth $48.69 million)
• Short 380.76 BTC (worth $26.98 million)
• Short 4,869.58 ETH (worth $10.19 million)
• Long 1,576.36 PAXG (worth $7.79 million)
• Short 947,244 LIT (worth $1.59 million)

This trader's approach has once again captured market attention. Whether the high-leverage strategy can continue to generate profits remains to be seen.