A thought to share: Over the past few days, I’ve been watching several large on-chain addresses, and today I spotted another trade: 0x4b62…57ca closed a $7.43 million short on $BTC (Hyperliquid, at a price of 81708.71).
The longer you track these addresses, the more you realize that a single trade doesn’t mean much; repeated moves in the same direction are more worth paying attention to. I’ll keep an eye on what this address does next.