A major player active in the crypto market has recently taken new action. This wallet address has opened a long position of 300 Bitcoin on the Hyperliquid platform, ranking among the top five BTC long positions with a total exposure of $26.14 million — a substantial scale.

Looking at the opening details, this trader entered the position at $87,965. Bitcoin has now pulled back, with an unrealized loss of approximately $239,000. The liquidation line is set at $86,073, indicating some risk management awareness.

What's even more interesting is his take-profit and stop-loss arrangement: a tiered stop-loss at $79,419 below, and a tiered take-profit target at $109,496 above — this suggests he expects significant volatility within this range. From $87,965 to $109,496, the difference is about $21,500. If the trend aligns with expectations, the profit potential is quite considerable. However, this depends on enduring the intermediate fluctuations.