A leading Hyperdash trader, with the account name 0xFC78, has attracted a lot of attention when he shared an impeccable track record and went long on Bitcoin with a high leverage. Lookonchain indicates that the trader has an active win streak of 100 percent and has made nine trades in the last 11 days entirely earning a total of $2.12 million in actual profits. The streak is one of the best in terms of short-term performance observed on the platform in this quarter.
$2.12M Realized Gains Across BTC, ETH, and ZEC Trades
Trades completed by the hyperdash trader demonstrate a stable operation of success with high-volume entries on Bitcoin, Ethereum, and Zcash. A 9h 20m BTC short gave a huge profit of $1,051,578.60 and a net PnL after fees of $1,046,192.08 on December 1. Another BTC short generated gross PnL of $16,776.40 and a net PnL of $11,524.87 a day before.
The hyperdash trader earned significant gains such as $114,460.04 on an 8h 16m BTC short, $88,506.80 on a 5h 25m position, $115,979.93 on a 2h 3m ETH long and a massive $706,610.86 on a 26h 47m ZEC long across the streak.
Trade fills were between 15 and 600, with varied execution patterns in terms of assets and time.
Portfolio Metrics Show Strong Perpetual Performance
The dashboard of the hyperdash trader shows that the overall value is at $3,395,968.75, and all the equity is invested in perpetual positions. Direction bias has been at 100% short and the margin usage at 32.31%.
The perpetual-only PnL reveals a value of $1,433, 674.09, which is following the steep increasing trend during the last month and then tends to level off at the current point.
New 40x Short on 500 BTC Raises Stakes
In a huge bullish step, 0xFC78 has opened a 40x short on 500 BTC, worth of 43.88 million. The token was bought at a price of $86,402.30 and the market is currently trading at around $87,722. The liquidation value is 93,392.53, which puts the trader at the state of high risk following the recent price fluctuations of Bitcoin.
Currently, the unrealized PnL is at -62.24% ROE, which is at -682,823.44 and displays the strain on the trade. Position margin that is used on the position is at $1,097,100, and recent funding is -$1,387.54.
Perfect Record of This Hyperdash Trader Faces Market Test
The hyperdash trader is confronted with one of their most high-stakes challenges after a perfect winning streak and having already booked more than $2.1 million. The new short of $43.88M can be the decisive feature in the continuation of the streak or the end of it.
With the price nearing crucial levels within the position and the leverage amplifying every movement, every action and response of hyperdash trader will be watched.
