BlockBeats News, May 23, according to HyperInsight monitoring, on-chain whale loracle.hl (@loraclexyz) successfully turned a 20x short position in Bitcoin from loss to profit. The position was valued at $20 million, with an entry price of $75,029.5, resulting in a floating profit of approximately $170,000.

In addition, loracle.hl's $100 million HYPE short position is still in a loss-making state, entered at $45.2562, with a floating loss of $18.6 million.