Three Addresses Open $3.69 Million in ORCL-Linked Short Positions

Three blockchain addresses opened about $3.69 million in ORCL-linked short positions after Oracle’s $20 billion financing plan became public, representing 20.3% of the contract’s open interest as of publication. Oracle plans to raise $10 billion through a common stock offering and another $10 billion through senior notes. The addresses began opening their shorts roughly five and a half hours after the financing document became public. The positions were nearly equal in size, at about $1.23 million each. Their entry prices were $120.45, $120.39 and $120.24, producing a weighted average entry price of $120.36.

Source: TokenPost