According to TechFlow TechFlow, on February 10th, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that two addresses withdrew funds from the Tron network to long on Ethereum, long more than 95,000 ETH, with a total value of approximately $190 million, becoming the first and second largest holders of ETH long positions on the Hyperliquid platform.
Address 0xa5B...01D41 holds a long position of 60,000 ETH (approximately $120 million), with an average opening price of $2,059.8, and is currently showing a floating loss of $3.12 million; Address 0x6C8...D84F6 deposited 21.798 million USDC as margin to Hyperliquid in the past 3 hours, and subsequently opened a 20x leveraged long position of 35,164.2 ETH (approximately $70.5 million), with an average opening price of $2,044.11, and is currently showing a floating loss of $1.245 million.
Both addresses transferred their margin deposits from Tron to Arbitrum via a cross-chain bridge, and the methods and timing were similar, suggesting they belong to the same entity.
