Loracle holds 104600 units of HYPE a short position, with an unrealized loss of approximately 2970000 USD
BIBIBI
AT A GLANCE
Loracle’s HYPE x-leverage short position has an unrealized loss of approximately 2970000 USD, but has earned over 550000 USD in funding fees.
Article
🔍 On-Chain Detective | Loracle’s Holdings HYPE The short position has already earned over 550000 USD in funding fees, while the short position is at an unrealized loss of 2970000 USD BlockBeats news,September 27, according to TradingBeats monitoring, trader Loracle currently holds 3 x leverage on a 104600-unit HYPE short position, which has already earned over 550000 USD in funding fee income, while the short position is at an unrealized loss of 2970000 USD:
Entry price 64.70 USD, liquidation price 123.63 USD, with the overall position value reaching 9740000 USD.
Loracle’s overall on-chain unrealized loss has narrowed to 9820000 USD.
Original link https://m.theblockbeats.info/flash/369187
Key points
01
TradingBeats monitoring reports that trader Loracle holds 3 x leverage on 104600 units of HYPE a short position.
02
The short position has already earned over 550000 USD in funding fee income, with an unrealized loss of 2970000 USD。
03
The position’s entry price is 64.70 USD, and its liquidation price is 123.63 USD, with the overall position value reaching 9740000 USD。
04
Loracle’s overall on-chain unrealized loss has narrowed to 9820000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Loracle is betting on HYPE a price decline and therefore established a short position; however, this position is currently at an unrealized loss. Funding fees are payments made between traders while positions are held, and this short position has earned more than 550000 USD。
Why it matters to readers
This shows that the funding fee income from a single leveraged short position may not offset its current unrealized loss. The liquidation price and position size help illustrate the risks facing this position.
A short position profits when prices fall and loses when they rise; leverage magnifies gains and losses, while the liquidation price is the price at which the position may be forcibly closed.
Risks and unknowns
The information was relayed by BlockBeats from TradingBeats’ monitoring results; the original source did not provide an independently verifiable on-chain address or original monitoring page.
The original source did not specify the HYPE current price, so the specific distance from the liquidation price cannot be determined.
The original source did not state whether the position would subsequently be liquidated, reduced, or held.
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Related concepts
Short Position
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