I just noticed an interesting trading signal. According to on-chain data, an address recently dumped 2 million USDC into Hyperliquid and opened a position more than twice the size of NVIDIA.



This address now holds nearly 22,000 NVDA contracts, which amounts to roughly a $4 million exposure at current prices.

It looks like an institution or a big player is betting that NVIDIA will continue to rise. Such large entries are usually worth paying attention to, especially when leverage is involved. However, this address activity also depends on market sentiment; NVIDIA has been quite volatile over the past few months.
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