Hyperliquid trader turns $3M into $27.5M in 52 days, riding all-long, high-leverage bets during a primary crypto market rally.
In just 52 days, a Hyperliquid trader has turned a $3 million deposit into $27.5 million in profit, executing an explosive and high-risk trading run.
The trader deposited nearly $3 million on the platform between April 7 and April 9, and he placed aggressive leveraged bets, going entirely long on various crypto assets.
Hyperliquid enables users to trade perpetual futures on-chain without intermediaries or custodians.
The trader placed a full wager on long positions, anticipating the crypto price would rise.
The trader employed varying leverage levels for different assets, resulting in a greater amount of value being controlled for each dollar invested.
As indicated by the wallet data, the trader had already cashed out nearly $6 million in profits and retained approximately $22 million in unrealized gains after 52 days of trading.
Trader Places Full Bet On Upward Trajectory Of Cryptocurrency Prices
The user did not exercise caution, as evidenced by the data from the trader’s pocketbook.
The wallet was 100% long, indicating that they were solely wagering on the upward movement of prices.
They did not prioritize hedging or betting on the opposing side to mitigate potential losses.
The trader also utilized over 40% of the available margin, indicating a successful high-risk strategy.
The timing aligned with a crypto rally from late April to May.
Some analysts attributed the market turmoil in the Japanese bond market to the fact that Bitcoin attained a new all-time high of $112,000 on May 22.
The account displays a consistent development pattern, indicating that the trader maintained the bets and added to winning positions as prices increased.
The speculator had nearly $10 million available for withdrawal at the time of writing, indicating a substantial profit cushion.
Hyperliquid Trader, James Wynn, Has $1.25 Billion Bitcoin Long
The trade is the latest in a string of high-profile Hyperliquid positions, garnering visibility for its liquidity depth and trader activity.
Hyperliquid trader James Wynn is one of the most prominent figures in the market.
He recently shocked the market by increasing a 40x-leveraged long Bitcoin position to $1.25 billion, following a $25 million profit from a previous Pepe trade.
Wynn’s 11,588 BTC position was flagged by Lookonchain on May 24, with a liquidation price of $105,180.
