The watershedpath account held an $11.2 million, five-times-leveraged long in Hyperliquid (HYPE) on the Hyperliquid venue Oct. 16, with HYPE above its $38.68 average entry.
HYPE's Oct. 16 price stood $42.70 above the position's $38.68 average entry, at roughly 2.1 times that level. The position remained open.
The watershedpath account had more than $50 million in total profit on Hyperliquid. That total covers the account's activity; $11.2 million is the open HYPE position's value, not a reported profit figure for that trade.
A snapshot of large Hyperliquid positions on Oct. 15 showed short exposure exceeding long exposure by $512 million.
