Nine consecutive wins, over $14 million in the bag—this is the latest report card of that whale (0x152e) on Hyperliquid. Nine successful trades in a row, sounds like a fairy tale, but it really happened. What I want to say is, don’t be blinded by these shiny numbers.

Having been in this industry for so many years, I’ve witnessed countless retail traders patting their chests saying "I’ve found the secret," only to end up as collateral damage for the big players. Today, I won’t hype or bash; I just want to talk about this seemingly profitable but actually turbulent game.

**Information Warfare: You’re Always One Step Behind**

Whales and retail traders are not playing the same game.

They hold ten times, even a hundred times more data than you—large transfers on the chain are visible in real-time, news is pre-knowable, like seeing the opponent’s cards when playing poker. Meanwhile, you’re still scrolling social media for news and hot topics, while they’ve already finished their moves.

The most impressive example I remember: a whale dumped $6 million just minutes before Trump announced the crypto asset strategic reserve, going all-in with 50x leverage to long ETH and BTC. When the news broke, the market surged straight up, and this guy netted $6.8 million in a day. How precise was that timing? Think about it—was it just luck?

**"Stop-Loss Hunting": They’re Fishing for Your Stop-Loss Orders**

What’s even more heartbreaking is that whales play a trick called "stop-loss hunting." Basically, it’s like lions on the savannah figuring out the herd’s routines—knowing exactly where retail traders set their stop-losses at key psychological levels, then deliberately smashing the price down to trigger those stops, inciting panic. After this wave of selling and harvesting the stops, they turn around and go long, eating up the subsequent gains.