On January 29, data from HyperInsight showed that the address 0x880a, known for its aggressive trading style, continued to increase its short positions in gold and XMR over the past hour.
The trader is now shorting $7.23M worth of GOLD perpetual contracts with a 10x isolated leverage, averaging an entry price of $5,287.54, and currently facing a $318K loss. Additionally, they are shorting 21,399.447 XMR with a 5x cross leverage, averaging an entry price of $523.02, and currently holding a $1.032M profit.
Importantly, this address remains the largest XMR short position holder on Hyperliquid. Skilled in high-leverage short-term trading, the account has accumulated $92.27M in total profits across all cycles, despite the current unrealized losses.
This case serves as a reminder that while leveraged trading can generate significant returns, it also comes with substantial risks. During volatile market conditions, unrealized losses can quickly escalate, potentially leading to liquidation.