There is a trader called Loracle who shorted almost the entire market.
He holds more than a dozen US stock contracts, all shorts:
NVIDIA, Oracle, SanDisk, Micron... all the names that have surged the most in this AI rally.
What he is shorting is not a specific coin, but the "AI narrative." And so far, he is right.
But at the same time, he went long on Bitcoin, the only long position, which is $BTC .
He also has a bunch of altcoins, all short positions.
The result is:
Almost all the shorts are making money. And the only long position lost more than half of all the profits from his shorts.
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