Hyperliquid BTC large long holder appears: 300 BTC long position with a floating loss of $240,000, take-profit target directly at $109,000

【Chain News】Interesting activity has appeared on the blockchain again. A large trader quietly opened a long position of 300 BTC on Hyperliquid, directly ranking in the Top 5 for BTC longs. The order size reached $26 million, with an average entry price of $87,965.3. However, the timing seems a bit delicate—the current position is already floating at a loss of $239,000, with a liquidation price set at $86,073.7.

Interestingly, this trader has set a clear trading rule for himself: cut losses in stages if the price drops to $79,419, and take profits in stages if it rises to $109,496. This range spans a full $30,000, in other words, he has reserved enough volatility space. Based on the take-profit target, he bets that BTC can rise another approximately 25%. Whether this position can achieve the goal depends on how the market develops later.