Recently observed an active aggressive account on Hyperliquid with a position size approaching $10 million. This trading approach is worth understanding for traders.

**Core Holdings Overview**
The account's net value is around $380,000, with total leveraged positions close to $9.65 million, and the leverage ratio directly reaching 26.96x. Honestly, this multiple is rare among spot hedge funds. The configuration is all long positions, mainly mainstream coins—BTC is the largest, with over 69 coins, roughly equivalent to $6.09 million; ETH with over 500 coins, just over $150,000; SOL with over 16,000 coins, also with a position of over $200,000. Unrealized floating profits are currently slightly positive.

**Trading Performance Review**
From historical data, this account has realized a total profit of over $6.6 million, with total trading volume exceeding $400 million. The recent one-month performance is even more impressive—monthly profit over $440,000, and weekly profit can reach $210,000. However, in mid-December, there was a significant drawdown, with the account net value dropping from $880,000 straight down to $330,000, but it managed to recover the position through high-frequency quick switches.

**Operational Style Analysis**
This trader's approach is a typical high-frequency quantitative style, maintaining leverage between 25-40x year-round. Single BTC positions often exceed 50 coins, with frequent long-short switches—sometimes opening and closing more than 10 trades in a day. Recently, the main holdings are BTC, ETH, and SOL, while also using HYPE and ZEC for hedging. From the operations in late December, they precisely caught market turning points—short positions on BTC on the 23rd and long positions on SOL on the 30th, capturing significant market moves, with total profits exceeding $400,000.

This approach carries extremely high risk for small funds, but as a trading example, it is worth observing—especially their market rhythm timing and risk management logic.