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I reminded myself about this wallet on Hyperliquid I’ve been tracking, and today it became active again after one month of inactivity. It had been closing its ETH short position little by little, until today when I saw it starting to close again. If my theory is correct once this position is fully closed, we should see a sustainable run to the upside in crypto. (For more context on why I follow it check my previous post — went active around the same time trump took office in early 2025). Half a year ago it was at 17M, then two months ago it dropped to 8M, and today it’s at 4M, so looks like the bottom is close.

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