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A large sum of money just executed a textbook-level operation on Hyperliquid.
A mysterious address first transferred in 70 million USDC, then within just a few hours, swept up 54,000 ETH at an average price of $3,048—totaling a position as high as $166 million. This long move was extremely decisive, and it's already showing an unrealized profit of $910,000.
Such large-scale one-sided bets are rare in the market and may indicate that big money has a strong short-term bullish outlook on ETH. Is this an early bet on some upcoming catalyst, or simply a technical judgment? It's worth keeping an eye on this address's future actions.
(Address: 0xb317...283ae)