A whale made a big move on Hyperliquid in the past few hours.

First, they deposited 70 million USDC onto the platform, then opened a long ETH position at an average price of $3,048—total position of 54,000 ETH, valued at $166 million. That's no small feat, and they're currently sitting on an unrealized profit of $910,000.

The timing of this operation was tight, with a very narrow window from funding to building the position. Judging by this, either they have a clear view on the short-term trend, or it was a premeditated plan. Anyway, they're in the green for now, but whether they can hold onto those profits will depend on whether ETH can maintain this price level.