Another large Hyperliquid trader has emerged after James Wynn’s spectacular downfall over the past month. This new trader, 0x1f2, has just opened a 1,958.15 BTC long on Hyperliquid, currently worth over $205M. However, unlike James Wynn, their liquidation price is much healthier, sitting at $94,013, or approximately a 10% move away. The position is currently down $1.72M.
This address has been funded only via Bybit withdrawals, with few other transactions aside from bridging in and out from Hyperliquid. Their Bybit deposit address, 0xbfd, has also received large deposits from on-chain gambling platform Rollbit, centralized exchange BitMEX, and another EVM address, 0xa7D.
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