A big whale has been making moves. 22 days ago, 0x94d...814 transferred 255 BTC (worth $21.77 million at the time) into Hyperliquid and sold all at $85,378. Over the following three weeks, he used this money to place high-frequency trades in the market, with 69 trades and a 62% win rate, earning a total of $9.9 million.

It looks like he's in good shape, but recent developments are a bit tight. This guy has been continuously increasing his long positions, now holding $310 million worth of longs. The problem is that unrealized losses have already reached $1.4 million. His specific holdings are 1,699 BTC (equivalent to $154 million), with an average opening price of $90,801. At this scale of position, every market fluctuation can instantly wipe out several million dollars from his account, testing his psychological resilience and risk management skills.