ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, the Hyperliquid expert with 600,000 followers has made a move with a secondary account, reversing direction to go long on ETH."Hyperliquid 50x leverage long on BTC and ETH profits $7.13 million" recharged 1.95 million USDC as margin 40 minutes ago, currently opening a 50x long position on ETH, holding 27,809 ETH (approximately $57.88 million), with an opening price of $2,057.49 and a liquidation price of $2,008.

ChainCatcher news, Coinbase executive Conor Grogan posted on X that he tracked the wallets of users who went long on BTC and ETH on Hyperliquid and found that their funds came from phishing. The user is a customer of the crypto gambling platform Roobet. Moreover, he closed his long position before Trump's second announcement of the BTC strategic reserve, missing out on tens of millions of dollars in profits. He is merely a gambler using phishing funds, not a so-called insider trader.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, the 88,510 ETH long positions of users who went long 50x on Hyperliquid have all been liquidated for profit, and they are starting to take profits on Bitcoin, with 315 BTC remaining.