Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
A whale called Loracle.hl has been making some interesting moves recently—shorting HYPE with 5x leverage, with a position worth $52 million, currently with unrealized gains of over $38 million. At the same time, they also opened a 10x leveraged SNDK short position, with an $8 million position, which is also making money.
Most people are still discussing when the bull market will arrive, but the biggest winner in on-chain real money right now is a bear. And this isn't small-scale hedging; it's a targeted bet worth tens of millions of dollars.
When a whale is willing to short with this kind of size, what they see might be completely opposite to the sentiment on the timeline. It's worth thinking about what they are betting on.