Trader Closes Bitcoin and Ethereum Shorts, Opens $31.5 Million Leveraged MSFT and ORCL Longs
According to Onchain Lens and Lookonchain, trader Evaded rotated from crypto shorts into 10x leveraged Microsoft and Oracle longs after a volatile stretch of Bitcoin, Ether, ZEC, and HYPE trades.
On-chain data cited by Onchain Lens shows that trader Evaded closed Bitcoin and Ethereum short positions with about $1.77 million in realized profit before opening new 10x leveraged long positions in Microsoft and Oracle, including 41,400 MSFT and 56,600 ORCL, for a combined reported value of $31.5 million. The new report adds broader context on Evaded’s recent activity: Lookonchain said the trader had previously made about $2.1 million in two days from 10x leveraged ZEC and HYPE longs, later saw more than $7.5 million in unrealized gains, opened a 25x leveraged ETH long, then closed HYPE, ZEC, and ETH longs on May 23 with a $4.6 million profit before reversing into a 990 BTC short. Subsequent BTC and ZEC trades turned against the trader, and Lookonchain reported that by May 27 Evaded closed both a ZEC long and a Bitcoin short for losses of more than $4.8 million, leaving the account down roughly $3.67 million overall during that period, before opening another 30x leveraged short on 940 BTC valued at about $71.4 million.
- Short position: A trade structured to profit if an asset’s price declines, rather than rises.
- Leverage: Borrowed exposure used to increase position size, which can magnify both gains and losses and raise liquidation risk.
- Long position: A trade that is positioned to benefit from an increase in an asset’s price.