๐งฌ The "Aggressive Hedge": How Hyperliquid Whale 0x38fD is Playing the Chaos
Some traders wait for the perfect entry. Others, like whale 0x38fD, just force the marketโs hand. ๐คช
Instead of sitting on the sidelines waiting for limit orders to fill, this trader just executed a classic "dive-in-and-hedge" maneuver on Hyperliquid, managing a multi-million dollar spread between $ASTER and $LIT .
๐ The Positions: A Tale of Two Trades
The whale is currently balancing a high-conviction long with a strategic short to keep the "delta" in check:
The Long: #ASTER (Isolated 5x) ๐
Size: 2,638,854 ASTER (~$1.65M)
Entry: $0.6295 | Current: ~$0.6258
Status: Down ~$9K (-1.22% ROE).
Safety Net: Liquidation is way down at $0.3706. Heโs got room to breathe.
The Hedge: #LIT (Cross 5x) ๐ป
Size: 223,305 LIT (~$410.7K)
Entry: $1.8016 | Current: ~$1.7835
Status: Up $4.17K (+5% ROE).
The Win: This short is currently offsetting his ASTER drawdown, proving that a good hedge is worth its weight in gold (or USDC).
๐ ๏ธ The "Pre-Planned Exit" Strategy
What makes this "messy" trade actually quite genius is the automation. 0x38fD hasn't just entered; heโs already scripted the ending. ๐ฌ
Sell Limits: Heโs got 2.6M ASTER set to sell at $0.6319 (Reduce-Only) to lock in profit the second the price bounces.
LIT Cleanup: A sell limit for ~769K LIT is already waiting at $1.80 to close out the flip.
๐ Address to Watch
0x38fD0d0C61865F3ddE1AA8999Dd39b00524568f2
This is "Pro-Mode" behavior. Why wait for the order book to come to you when you can market-buy the long, market-sell the hedge, and let your limit orders act as the "exit crew"?
Hyperliquid is built for this kind of aggressive capital efficiency. While the retail crowd worries about 1% dips, this whale is just waiting for the volatility to hit his pre-set targets. ๐ฏ๐ฐ
