TechFlow News, May 31: According to on-chain analytics platform Lookonchain (@lookonchain), the address loracle.hl (@loraclexyz) previously incurred losses exceeding $35 million from shorting over $110 million worth of HYPE. It is now closing part of its HYPE short positions and shifting to long positions in ASTER. The address currently maintains a short position of 1.5 million HYPE tokens, valued at approximately $103.1 million.
Meanwhile, this address is increasing its long positions in ASTER, ZEC, and TON. Due to losses from its HYPE short positions, all gains exceeding $42 million previously earned from perpetual futures trading have been fully erased; over the past 20 days, its account balance has shifted from a profit of $42.2 million to a loss of $829,000.
