Data: Hyperliquid's daily trading volume on Alibaba contracts exceeded 12 million USD, with a certain trader preemptively placing long positions with a floating profit of 25%
According to a report by Reuters citing sources, the United States has approved 10 Chinese tech companies, including Alibaba, ByteDance, Tencent, and JD.com, to purchase Nvidia H200 AI chips. Alibaba, Tencent Holdings, and JD.com saw significant intraday gains in Hong Kong stocks due to expectations, but after the related positive news materialized, Tencent has now given back most of its gains, while JD.com remains at a high level.Hyperinsight monitoring shows that on-chain, among the traditional market contracts currently supported by Hyperliquid, BABA (Alibaba mapped contract) is the only option among the relevant targets. This contract surged 11% last night and this morning, then slightly retreated about 4% during the day, currently reported at $140, with a 24-hour trading volume recently surpassing $12 million for the first time. A trader from Hyperliquid preemptively positioned, going long on 2,000 BABA contracts with 10x leverage over the past two days, at an average price of $137, with a position size of about $280,000, currently recording a floating profit of 24.5%.