Hyperliquid trader opens $16.98 million 20x SPCX long after canceling SKHX bids

On-chain analyst Ai Yi said address 0xb37…a66ca withdrew limit buy orders for SKHX at $991.22 to $1016.6, then built the platform’s largest SPCX position after a rebound.

Summary

A wallet identified as 0xb37…a66ca canceled limit buy orders for SKHX in the $991.22 to $1016.6 range and then shifted to SPCX, opening a 20x leveraged long position after the token rebounded. The trade totaled 147,000 SPCX at $114.96, worth $16.98 million, and became the largest SPCX position on Hyperliquid, according to on-chain analyst Ai Yi. The move points to a rapid rotation in high-risk derivatives exposure, with the trader exiting one setup and concentrating into another as short-term momentum changed.

Terms & Concepts
  • limit buy orders: Orders to buy at set prices
  • 20x leveraged long position: Bullish trade using 20 times leverage
  • Hyperliquid: Crypto derivatives trading platform