Conclusion up front: this Hyperliquid Ethereum “whale” has settled 236 positions over 147 days, winning 233 of them, for a win rate of 98.7%. They’re still holding a single ETH long position worth about $15.81 million, with unrealized profit close to $899,000.

Full address: 0xf78c5d8d4b604a140d43a46209fade655536c581. The account’s cumulative realized profit is $2.42 million, trading volume is $45.29 million, and fees are $180,000. There are no liquidation records, which suggests this strategy doesn’t rely on frequently getting liquidated to generate returns.

The position uses 20x cross leverage, with a very clear direction: only doing ETH. Currently, the margin locked in my long position is about $790,000. Both unrealized profit and realized profit are positive, but the position size is far larger than the account’s available funds, so when a drawdown happens, the pressure will be amplified as well.

The most interesting thing about this account is the combination of its win rate and holding style: only 3 losses across 236 closed trades, with highly concentrated trading activity; yet it still has a large position open and hasn’t taken all its profits. A high win rate doesn’t mean there’s no risk—the position size determines how painful the next move will be.

$ETH $BTC

#Hyperliquid #聪明钱 #Whale

With a 98.7% win rate and 20x leverage, would you follow this ETH long position?

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