Whale Deposits 2.5 Million USDC on HyperLiquid, Opens 10x Leverage Long on ETH

Whale trader loracle.hl expands positions with 20x BTC/ETH shorts, 5x PAXG longs, and large HYPE holdings, amassing over $32 million in profits.

BTC
ETH
USDC

Summary

On February 7, Onchain Lens reported that whale trader loracle.hl opened new positions including 20x leveraged shorts on BTC and ETH, 5x leveraged longs on PAXG, and increased LIT shorts, while holding a 1.48 million HYPE long and 380.76 BTC short. The trader’s profit now exceeds $32 million. This comes alongside a separate 2.5 million USDC deposit into HyperLiquid to open a 10x ETH long, reflecting a highly aggressive multi-asset leveraged strategy.

Terms & Concepts
  • Leverage: A trading mechanism that allows traders to gain larger exposure using borrowed funds, amplifying both potential profits and losses.
  • USDC (USD Coin): A stablecoin pegged 1:1 to the U.S. dollar, commonly used for trading and settlements on crypto exchanges.
  • Hyperliquid: A decentralized perpetual futures exchange enabling high-leverage crypto trading through blockchain-based smart contracts.