A trader rolled over positions on Hyperliquid to go long on ETH, turning a principal of $125,000 into $29,600,000 in four months, achieving a return of 236 times, and building a long position of over $300 million in ETH through compounded profits.

This guy's operations are simply a textbook case for leverage players; ETH's price is highly volatile, but his compound strategy caught the tail end of the bull market, which is enviable.

Thinking about the recent ETH breakout above $4,500, whales are also busy withdrawing coins or depositing into CEX for profits, and market sentiment is shifting from fear to greedy.

Personally, I think this indicates that ETH could still surge in the short term, but don't overlook the selling pressure from the large unlock of tokens like ZRO next week, which could drag down the overall altcoin market.

It's advisable to observe on-chain data more closely, find the right entry point, and avoid blindly going all in.