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I saw some super interesting data! The big shot at XPL who was targeting hedges, address 0xb9c...6801e, closed his long position early this morning. At that time, I thought, could it be because Hyperliquid optimized the calculation method for the mark price, and this guy was going to give up?

But it turns out I was overthinking it! This operation completely stunned me. This morning, this big shot has already distributed 27.1 million USDC across 11 addresses, and then opened a long position worth 18.14 million dollars in 1x $XPL. This guy is indeed tough, showing no signs of backing down.

Now the cumulative floating profit has reached 1.148 million dollars, and this number is really enviable. It seems that even if the platform adjusts the calculation method, they still have a way to continue this strategy. I have to say, this level of operation is indeed impressive, diversifying across 11 addresses to avoid risk while maintaining position size, I really admire this thinking.

This kind of big money play is indeed not something an ordinary person can learn, but watching such operations is still quite shocking. An 18.14 million dollar position, and with 1x leverage, shows that they have a lot of confidence in this strategy.
$USDC