[BERA Price Drops 30% After Surge; Trader 'Loracle' Precisely Shorted at Peak and Has Now Taken Profit] BlockBeats news, February 12: According to Coinbob's popular address monitoring, BERA's price surged to $1.36 this morning before rapidly dropping over 35% within 15 minutes, hitting a low of $0.88. During this period, trader 'Hyperliquid early contributor Loracle' gradually established short positions in the $1 to $1.33 range, with peak position size reaching $3.8 million. The address closed all positions near $0.9, taking profit. The entire operation took only 4 hours, yielding $630,000 in profit with a return rate of nearly 50%. The address has recently been employing a compound hedging strategy, holding large long positions in HYPE while heavily shorting BTC. Currently, this whale ranks as the largest long holder of HYPE and PAXG, as well as the largest short holder of BTC on the Hyperliquid platform, with total positions amounting to $107 million and overall unrealized profits nearing $11 million. Loracle (X: loraclexyz), whose real name is Laurent Zeimes, is active within the Hyperliquid ecosystem and is considered one of its early contributors. He is the founder of Hypurrfun and has recently been active in the Hyperliquid contract market, buying HYPE at an average price of $22. He has not yet closed these positions.