Last night while browsing the Hyperliquid list, I came across an address with a crazy name Bobby BigSize, big guy Address: 0x7fdafde5cfb5465924316eced2d3715494c517d1 Account value 33.72 million U, historical profit+184 million U This name is really not wrong, it's such a big guy I clicked on it and checked its position, and at first glance it felt strange BTC short 46.56 million U, floating loss 1.38 million U ETH short 33.85 million U, floating loss 1.48 million U HYPE has an additional 15.9 million units and a floating profit of 387000 units LIT short 9.47 million U, floating loss 948000 U XMR empty 6.4 million U, floating profit 226000 U It is not simply bearish, because if it is only bearish, there is no need to hold a long order of 15.9 million U of HYPE It's more like doing a typical strong weak trade The market can be weak, BTC and ETH can fall, but HYPE is harder than them This HYPE wasn't just caught up with Holding 223000 pieces, with an average opening price of $69.5367 and a marked price of $71.2705, I have been holding for over 83 days and now have a floating profit of 387000 US dollars The most interesting thing is that this address has made a lot of profits from empty orders on AVAX and DOGE, while also carrying large floating losses on BTC, ETH, and LIT So now it doesn't seem like it's doing one-way direction, it's more like it's doing a basket of hedging Short market, short portion imitation, while retaining HYPE long exposure This structure is much more interesting than simply 'whale long/short' Looking at the leaderboard alone, one can only see that it has historically earned 184 million US dollars But when you look at it on the candlestick, you will find that what is really interesting about it is: HYPE has held this position for a long time, with significant fluctuations in the middle, but it has not left I will see two things about him later Is HYPE's multiple orders still available Have BTC and ETH empty orders been cut If this structure continues to be maintained, the meaning of the big guy will be very clear: It's okay if the market is weak, HYPE cannot be weak I'll put this address on the observation list first, and we'll talk about any changes later Hyperliquid HYPE Smart Money Chain Observation