🧬 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 market’s hand. 🤪
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 .
📈 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) 🐂
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. He’s got room to breathe.
The Hedge: #LIT (Cross 5x) 🐻
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).
🛠️ The "Pre-Planned Exit" Strategy
What makes this "messy" trade actually quite genius is the automation. 0x38fD hasn't just entered; he’s already scripted the ending. 🎬
Sell Limits: He’s 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.
🔍 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. 🎯💰
