Crypto whale Loracle fully liquidated a 20x leveraged gold long position this morning, realizing cumulative losses of approximately $1.25 million. The closure coincided with gold price volatility as the metal briefly dipped below $4,270 per ounce before rebounding to touch $4,290.
Despite exiting the gold trade, Loracle maintains significant bearish exposure across crypto and equities. The whale currently holds roughly $79.4 million in short positions against altcoins including ENA, NEAR, and CASHCAT, alongside U.S. stocks SanDisk, Nvidia, and Micron. These positions carry an unrealized loss of $6.77 million, reflecting a -45% return on investment.
A separate address linked to Loracle also holds a 3x leveraged short on HYPE worth $9.67 million. This position has suffered severe drawdowns, showing an unrealized loss of $2.9 million and a -89% ROI.
Whale Loracle Closes Gold Long at $1.25M Loss, Holds $79M in Shorts
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