Loracle closes leveraged gold long after loss while holding $79.385 million in shorts

  • Loracle fully closed its 20x leveraged gold long after an approximately $1.2535 million cumulative loss.
  • Gold briefly fell below $4,270 per ounce before rebounding to touch $4,290.
  • Loracle’s remaining short positions total about $79.385 million and show roughly $6.765 million in unrealized losses.

Loracle has fully closed a 20x leveraged gold long position after incurring a cumulative loss of about $1.2535 million. The closure came during gold-price volatility, with the metal briefly falling below $4,270 per ounce before rebounding to touch $4,290. The trader continues to hold short positions in altcoins including ENA, NEAR and CASHCAT, as well as U.S. stocks including SanDisk, Nvidia and Micron. Those positions are valued at about $79.385 million and carry an unrealized loss of approximately $6.765 million, equivalent to a reported return on investment of about negative 45%. A separate Loracle address holds a 3x leveraged HYPE short containing 104,699.13 HYPE and valued at about $9.669 million. That position has an unrealized loss of roughly $2.895 million and an ROI of about negative 89%.

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