Under the downward pressure of the market, a whale address's long position strategy is being tested. This player deposited 8 million USDC into the on-chain lending platform Hyperliquid on January 1st, and then took long positions on 11 tokens including IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE. The account once had an unrealized profit of over $3.3 million, showcasing a glorious performance.

However, data from January 8th shows a reversal. The unrealized profit has shrunk to $1.75 million, with a clear retracement. But this whale did not stop loss; instead, it continued to add to its positions—adding long positions in BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT.

The current positions are showing a stark contrast. The BTC position is the most profitable, with an unrealized gain of $360,000. But the HMSTR position is not so lucky, currently with an unrealized loss of $23,000, becoming the most troublesome asset in the account. From an initial retail bottom-fishing mentality to now holding steady, it seems this whale's confidence remains intact.