Whale 'Loracle' Liquidates Gold Longs with $1.25 Million Loss

On-chain data shows that the whale known as Loracle closed a 20x leveraged gold long position this morning, realizing a loss of approximately $1.25 million. Loracle continues to hold short positions in various altcoins including ENA, NEAR, and HYPE, as well as several U.S. stocks, with total short positions valued at roughly $79.39 million and an unrealized loss of approximately $6.77 million.