On May 9, a trader known as 'Loracle' initiated a series of profit-taking actions on long positions in Bitcoin (BTC) and Zcash (ZEC) within an hour. According to BlockBeats On-chain Detection, the trader reduced holdings by 54.01 BTC and 4,274.29 ZEC, totaling $6.6978 million. Following these reductions, the positions have decreased in size.
The BTC long position now stands at $21.2362 million, with a current unrealized profit of $479,900, reflecting a 45.20% increase. The ZEC long position has decreased to $18.0338 million, with an unrealized profit of $6.7437 million, marking a 373.95% rise.
The trader is reportedly the largest long holder of ZEC and TON, and the largest short holder of HYPE on Hyperliquid, with a total account position size of $100 million. Several profit-taking orders remain unexecuted as of now.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae