Giant Whale Loracle’s latest bullish push got double-kicked by ZEC and HYPE; the $6.65 million “tuition fee” is a bit painful. High leverage in a choppy, volatile market is truly a double-edged sword.

CryptoWorld News reports that, according to onchain lens monitoring, the whale Loracle suffered significant unrealized losses on its long positions due to the decline of ZEC and HYPE. Among them, the 10x ZEC long position had an unrealized loss of over $3.2 million, and the 2x HYPE long position had an unrealized loss of $1.567 million. In addition, the total losses from its long positions in NEAR, TON, ASTER, and XMR amount to $6.65 million.