On-chain analysis reveals that Hyperliquid accounts "Evaded" and "Garret Jin" are engaged in opposing trading strategies, resulting in significant financial outcomes. "Evaded" is shorting Bitcoin with 40x leverage, holding a $40.3 million position, and longing Zcash with 5x leverage, holding a $32.67 million position. Conversely, Garret Jin is longing Bitcoin with 5x leverage, holding a $38.68 million position, and shorting Zcash with 3x leverage, holding a $35.14 million position. Currently, "Evaded" faces cumulative floating losses of $2.2 million, while Garret Jin reports a floating profit of $450,000.
Hyperliquid Accounts Face $2.2 Million in Floating Losses
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