A savvy trader, identified by wallet [0xa9b95f], has achieved $11 million in unrealized profits through a strategic hedged trade on Hyperliquid. The trader's positions include a 10x long on HYPE at $39.63, yielding $7.9 million, alongside 20x shorts on Bitcoin at $72,401 and Ethereum at $2,314, generating $1.1 million and $2.1 million respectively. This strategy hinges on HYPE outperforming major cryptocurrencies, with both hedge legs currently proving effective as Bitcoin and Ethereum underperform.