BERA price surged and then retraced 30%. Trader "Loracle" accurately shorted at the high point and has now taken profits.

BlockBeats News, February 12 — According to Coinbob’s popular address monitoring, BERA’s price surged to $1.36 this morning, then quickly fell over 35% within 15 minutes, dropping to a low of $0.88. Trader “Hyperliquid early contributor Loracle” gradually built a short position between $1 and $1.33 during this period, with a peak holding size of $3.8 million. When the price dropped near $0.9, this address closed all positions to take profit, completing the operation in just 4 hours and earning $630,000, with a return of nearly 50%.

This address has recently continued to employ a composite hedging strategy, while heavily holding HYPE long positions and significantly shorting BTC. Currently, this whale ranks as the largest long position holder in HYPE and PAXG and the largest short in BTC on the Hyperliquid platform, with a total position size of $107 million and an unrealized profit of nearly $11 million.

Loracle (X: loraclexyz), formerly Laurent Zeimes, is active within the Hyperliquid ecosystem and is regarded as one of the early contributors. He is the founder of Hypurrfun. Recently, he has been active in Hyperliquid’s derivatives market, averaging $22 to bottom out HYPE, and has not yet closed his position.