A prominent crypto trader, known as "Hyperliquid Early Contributor Loracle," has reportedly earned $11.5 million in a week by strategically trading HYPE, BTC, and ETH on the Hyperliquid platform. The trader's account surged from under $7 million to approximately $41.1 million in less than a month, marking a nearly sixfold increase. This was achieved with a single large deposit of $7.44 million.
The trader holds the largest long position in HYPE, valued at about $48.52 million, with an average price of $24.37, yielding a floating profit of $12.46 million. Additionally, the trader maintains significant short positions in BTC and ETH, with a BTC short position of $43.15 million at an average price of $70,073, currently at a floating loss of $510,000. The ETH short position stands at $10.15 million, with an average price of $2,056, showing a floating profit of $140,000. The trader's strategy involves long-term HYPE holdings and swing trading in BTC and ETH.
Oracle Profits $11.5M in a Week with HYPE Longs and BTC Shorts
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