Profitable wallet strategy · One trader's method, from the public record
Adding to Nine Losing Bets Deepened One Account’s Loss to $329,000
Hyperliquid, a crypto perps exchange, shows the account up $6.0 million over 30 days. It made $45,000 buying KORU perps at $10.75 and selling them at $12.30.
Key points
- The account still had $1.7 million of profit on paper in open positions Sunday morning.
- It covered most of the short the next day for a $2,000 gain.
- Our replay covers 17 positions opened and closed since July 30.
A Hyperliquid account added to nine losing bets, deepening their combined loss to $329,000. Without those additions, the same positions would have lost $169,000 in our replay.
From Oct. 15 to Nov. 15, the account still showed a $6.0 million profit on perps. The result includes positions carried into the period.
Size of each position open at 6:21 a.m. ET, Nov. 15, with its leverage, from Hyperliquid's record of the account.
| ETH short, 7x | $12.5 million |
|---|---|
| NEAR short, 10x | $2.0 million |
| LITE on trade.xyz short, 3x | $407,000 |
| SKHYNIX on trade.xyz short, 3x | $351,000 |
| HYPE short, 5x | $136,000 |
| GOOGL on trade.xyz short, 3x | $106,000 |
On Oct. 30, the account bought back a losing ETH$1,814.20-2.24% perp short, a bet on Ether falling, and realized a $278,000 loss.
One profitable closed trade was a KORU$7.15-6.09% perp long sold five days after it was built on trade.xyz. The account made $45,000 on that position. The analysis covers all 1,230 fills in the period.
- Loss on positions with losing additions
- $329,000 Before fees in our replay
- Loss without the later additions
- $169,000 Modeled from the same fills
- Perps profit over 30 days
- $6.0 million From Hyperliquid’s account record
- Profit still on paper
- $1.7 million Across positions still open
Why it matters
The account still had $1.7 million of profit on paper in open positions Sunday morning.
The heavily short account received $112,000 in funding payments from long traders during the period. SKHYNIX$874.84-0.26%, its busiest perp market, fell 10.8% from Oct. 15 to Nov. 15 as its earlier long lost money and its later short made a smaller gain.
Apply the strategy
The account exited its SKHYNIX perp long and opened a short later that day. It covered most of the short the next day for a $2,000 gain.
The account mostly waited for others to trade against its prices: resting limit orders represented 67% of value. Its trading fees came to $675, small beside the account’s six-figure gains and losses.
Its positions still open totaled $15.6 million against a unified account balance of $18.7 million. That balance backs its spot assets and cross-margin positions together.
Pitfalls
Our replay covers 17 positions opened and closed since July 30. An addition counts when the price was at least 0.5% against the average entry. The thresholds are ours.
The replay is before fees and assumes each later sale closes the same share of the smaller position. It describes the effect of the additions, not why the account made them.
The account set its largest ETH perp short at 7x. At that setting, $1 of margin would control $7 of ETH exposure. Cross margin means the whole account backs the trade, so that setting alone does not establish its effective leverage.
This is one pseudonymous account over one month. The public record shows its trades, but not who controls it or the judgment behind each decision.
What's next
The next test comes by 9 a.m. Eastern Time on Monday, when the record can show whether the open positions have closed.
If they close at these prices, profit on positions closed in the period rises from -$438,000 to about $1.2 million before fees. If they remain open, the gain remains on paper and continues moving with prices.