On May 7, significant trading activity was detected on the Hyperliquid platform. According to BlockBeats On-chain Detection, an address starting with 0xa44 engaged in high-leverage trading, going long on 394.6 BTC with a 40x leverage. The position, valued at approximately $31.94 million, was established at an average price of $81,059, with a liquidation price set at $62,069.
Currently, the position is experiencing a slight unrealized loss of about $50,000, equating to a 5% decrease. Additionally, the address holds a 25x leveraged long position in ETH, valued at $5.9 million, and a 10x leveraged short position in TON, valued at $1.4 million. Over the past month, the address has maintained a 95% success rate in its trades, with an average holding period of 22 hours.