Crypto Whale Loracle Opens $12.66 Million 20x Bitcoin Short Position

Onchain Lens reported that crypto whale Loracle opened a 20x leveraged Bitcoin short position worth $12.66 million, alongside a 10x SNDK short showing more than $648,000 in unrealized profit and a 5x HYPE short showing more than $2.3 million in paper gains. According to that update, total unrealized profit across Loracle’s open positions exceeded $41 million. Separately, Lookonchain said wallet loracle.hl opened a 5x leveraged CBRS short involving 29,772 tokens valued at $11.22 million, which was showing a $1.3 million unrealized loss at the time of reporting. Both reports describe open positions whose gains or losses remain unrealized and subject to market changes.

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