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This trader just pulled a pretty bold move, while still holding one of the largest on-chain $SOL shorts, he suddenly switched gears and opened a leveraged long on oil. over the past 12 hours, he deposited $9M in USDC into Hyperliquid and built a 3x long on ~200,687 xyz:BRENTOIL (~$18.1M),
but at the same time he’s still sitting on a massive 254,771 #sol short (~$21.68M) that’s currently deep in the red, down about $2.09M (-28.96%) with an entry around $76.89 and price now near $85.11.
The #oil position isn’t doing much better either, slightly down about $79K (-1.33%) with entry near $90.61. overall, this doesn’t look like a clean trade but more like someone trying to juggle two narratives at once, still betting against SOL while reaching for a recovery or hedge through oil. right now, though, both sides are leaning against him, which makes this setup feel more reactive than controlled.
anyways here is the address: 0xb581d667C53fd8a50bF7ffd817BE0E62DAA16F4f