New address deposits 3 million USDC into Hyperliquid and holds multiple ETH orders

According to Onchain Lens monitoring, a newly created wallet address has deposited 3 million USDC into Hyperliquid and currently holds 20 times leverage multiple orders of 36100 ETH, with a position value of approximately $585 million. The current floating loss is $380000, and the address has previously accumulated a profit of approximately $1.7 million.