On-chain monitoring data shows that yesterday, a large holder address opened a significant position on the Hyperliquid platform—buying 300 BTC, instantly ranking among the top five BTC long positions on the platform. This position amounts to $26.14 million, with the trader building the position in batches at a level of $87,965, currently experiencing an unrealized loss of $239,000.

Interestingly, this trader is quite cautious about risk management. They precisely set stop-loss and take-profit prices—starting to cut losses in batches if the price drops below $79,419, and taking profits in batches once it rises to $109,496. The price range spans nearly $30,000, indicating the trader has a considerable judgment of this market trend.

The current liquidation price is $86,073.7, providing a buffer of nearly $2,000 from the opening price. In the current environment of high BTC market volatility, this position management approach both preserves upside profit potential and sets a reasonable risk safeguard.