Recently, I noticed a relatively active on-chain address with interesting transaction data, so I want to share it with everyone.

This account currently has a total asset size of about $475,500, with over 94% in liquid funds, roughly $449,400. At first glance, this ratio seems a bit odd, but upon closer reflection, it makes sense—this guy is clearly a practical trader who takes profits as soon as he makes them. His historical performance shows a total profit of $4.88 million. Compared to the current balance of less than $50,000, he's habitually taken profits along the way.

Looking at recent operations, the activity level is quite high. The current unrealized profit is about $24,600, mainly concentrated in the @HYPE@ position. This position is 10,000 tokens, traded with 10x leverage. The current position value is $260,000, with an average entry price of $23.542, and the return rate has soared to 94.54%—almost doubled. What's interesting is that, despite using 10x leverage, the account has ample cash, so risk control is actually quite well managed.

From a trading style perspective, this account has quite clear characteristics. First, it favors short-term operations and doesn't engage much in long-term holding; second, it has a very clear compounding approach, not easily going all-in on a single direction, preferring to repeatedly trade within high-confidence ranges; third, it uses a small proportion of large capital to leverage big positions—this time, using $26,000 as margin to control a $260,000 position, demonstrating very precise leverage use.

Honestly, the operational logic of such accounts is worth observing, especially how they manage to maintain a high win rate while extracting large-scale profits.