Recently, a large trader has been making significant moves on Hyperliquid. Seven hours ago, they opened a long position of 300 BTC, now ranking in the top 5 BTC long positions.

This order size is indeed impressive—a position of $26.14 million, with an average entry price of $87,965.3. Currently, it’s still floating in loss, with a loss close to $240,000. The liquidation line is set at $86,073.7, indicating quite strict risk control.

Interestingly, this trader has set a clear take-profit and stop-loss range for themselves. If the price drops below $79,419, they will start to cut losses in batches; if it rises to $109,496, they will take profits in batches. Based on the entry price, there’s nearly $5,000 of space below the stop-loss point, and over $21,000 of potential upside for take-profit. Such a ratio is considered reasonable in leveraged trading.

Now, it depends on whether BTC can break through this upper target level. If it can successfully hold above $95,000, this kind of long position will truly become profitable.