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$31.14M in matched BTC longs and ETH shorts, and the TWAPs are still running. Wallet 0x45d7...00ca is building both legs on Hyperliquid at 20x cross: • Long $BTC: 205.30 of 263.82 planned, entry $75,759.6, value $15.58M • Short ETH: 6,960.93 of 8,945.74 planned, entry $2,233.49, value $15.57M Near-equal notional on each side: positioned for BTC to outperform ETH. Both 12.5-hour TWAPs are ~78% executed and scheduled to end at 06:07 UTC. Snapshot: Nov 8, 03:21 UTC.

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