According to on-chain analyst MLM's detection, well-known trader TechnoRevenant holds a large number of low-leverage long positions in XPL on Hyperliquid.
Currently, he holds 28,295,963 XPL long positions (approximately $31.10 million), accounting for 35.5% of Hyperliquid's total open interest ($87.50 million). In addition, he also holds 26,534,000.00 $USDC of unused funds on Hyperliquid.
It is worth noting that the leverage of all these positions is less than 1x, and he is slowly performing TWAP operations instead of buying in the market, thereby minimizing the impact on the short-term market.
[Odaily]According to on-chain analyst MLM's detection, well-known trader TechnoRevenant holds a large number of low-leverage long positions in XPL on Hyperliquid.
Currently, he holds 28,295,963 XPL long positions (approximately $31.10 million), accounting for 35.5% of Hyperliquid's total open interest ($87.50 million). In addition, he also holds 26,534,000.00 USDC of unused funds on Hyperliquid.
It is worth noting that the leverage of all these positions is less than 1x, and he is slowly performing TWAP operations instead of buying in the market, thereby minimizing the impact on the short-term market.
[Odaily]