TechFlow news: On May 28, according to HyperInsight monitoring, a new address on Hyperliquid has established a large position—going long 416 BTC with 40x leverage at a market bottom. The position’s notional value is approximately $30.56 million, with an average entry price of $73,345 and a liquidation price at $72,429. The address has already placed a take-profit order targeting $74,400 for exit.
It is reported that this address deposited $468,000 into the platform yesterday and initially opened a substantial short position on BTC, fully closing it half an hour ago and realizing a profit of $311,000—a return on investment of 66.5%. Immediately after taking profits on the short position within the past half hour, the address reversed its stance and entered a long position at the market bottom.
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