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On-chain data shows that a newly created wallet on January 6 attracted market attention. This wallet transferred $5 million USDC to HyperLiquid in one go and immediately opened a position. LINK was chosen with 5x leverage for a long position, while DOGE was directly leveraged at 10x—it's clear that this entry was quite aggressive.
As of now, the total position size of this wallet has reached $28.2 million, but the market does not seem to be moving in the expected direction. According to on-chain tracking data, the current floating loss is about $600,000. In this situation, the future trend will depend on whether the market gives an opportunity. For high-leverage operations, risk management is obviously of utmost importance.