Conclusion first: this Hyperliquid veteran player broke even on 444 positions over 181 days, with a win rate as high as 89.64%. However, the account’s largest historical single drawdown almost ate up 90% of the profits.

Full address: 0x66466428990e0f42a4c54f64bee0db6bf2336de5. Cumulative trading volume: $166 million. Net profit: $2.3768 million. Trading fees totaled only $0.329 million, accounting for less than 1.4% of profits—kept very low.

The issue lies in drawdown: the maximum single drawdown reached $2.1984 million, which is equivalent to nearly wiping out 90% of the $2.3768 million already earned. Even veteran players with a win rate close to 90% can still be harmed by a single extreme market reversal.

The main products are concentrated in three cryptocurrencies: Bitcoin, Ethereum, and ZEC. They don’t spread their bets everywhere. They rely on repeatedly entering and exiting the same heavily weighted, familiar direction. Out of 444 trades, they won 398 times and lost 106 times— and even the losses were not minor.

A high win rate doesn’t mean guaranteed profit without loss. With this kind of strategy, when it wins it wins many times over, but when it loses, it can wipe out the performance of half a year in one go. The heavier the use of leverage, the more deadly these drawdowns become.

$BTC $ETH

#Hyperliquid #聪明钱 #Drawdown

Even with a 90% win rate, drawdowns can still hurt. Do you really think high-win-rate traders are safer?

Check in real time: https://www.coinboss.com/zh/hyperliquid-whale/0x66466428990e0f42a4c54f64bee0db6bf2336de5