BERA price drops 35%, trader Loracle accurately shorts and earns $630,000

On February 12, the price of BERA surged to $1.36 this morning, then quickly dropped by over 35% within 15 minutes, reaching a low of $0.88. The trader "Hyperliquid Early Contributor Loracle" gradually built a short position in the $1 to $1.33 range, with a peak position size of $3.8 million, and closed all positions to take profit when the price fell to around $0.9, earning $630,000 with a return rate of nearly 50%. This address has recently adopted a composite hedging strategy, with a total position size of $107 million and an overall unrealized profit of nearly $11 million. Loracle, whose real name is Laurent Zeimes, is the founder of Hypurrfun. Recently, he bottom-fished HYPE at an average price of $22, but has not yet closed the position.