The bottom line: This Hyperliquid whale didn’t win through a high win rate. With a 59.4% win rate, they still built up $222,000 in unrealized gains on their BTC long.

Over the past 356 days, they closed 959 trades, 570 of them profitable, for $3.001 million in realized profits and a cumulative trading volume of $155 million. The win rate isn’t extraordinary, but with no liquidations, it shows that position management matters more than hitting it big on any single trade.

Full address: 0x9a0825ca6c4c577a1202a8fae3b8f044c1d5711d. Currently holding an 80 BTC long position with a notional value of $6.754 million and unrealized gains of $222,000; also holding a 250 ETH short position worth $628,000, with unrealized gains of about $1,029.

The BTC long uses 20x cross margin leverage, while the ETH short is near its entry price and is not currently a major source of profit. This combination looks more like a heavily weighted BTC position with a small ETH position as a hedge, rather than a bet on both sides. No liquidation record doesn't mean there's no risk; the concentrated position is what you should watch most closely in this trade.

$BTC $ETH

#Hyperliquid #聪明钱 #Whale

Would you follow this BTC long, or wait and see if leverage comes down first?

View in real time: https://www.coinboss.com/zh/hyperliquid-whale/0x9a0825ca6c4c577a1202a8fae3b8f044c1d5711d