A newly active crypto address, identified as 0x89BC, has successfully leveraged on-chain trading signals to achieve a $50,000 profit. The trader executed a 10x leverage on 218.6 BTC and shorted 5,294 ETH. Over a four-day period, the wallet deposited 4 million USDC into Hyperliquid. The BTC long position, valued at $19.15 million, currently shows an $88,000 floating loss, while the ETH short position, worth $15.59 million, has generated a $139,000 gain. The trades appear to be influenced by key support and resistance levels in the market.