Just dug up a Hyperliquid address—recovered about 870K USDT today. But the most interesting part isn’t the profit; it’s how this account perfectly demonstrates the idea that 'high win rates can still lead to losses.' The main player is NMTD.HL: @NMTD8 Address: 0xf517639a8872e756ac98d3c65507d2ebc25cc032 Today’s market was actually pretty favorable for longs—BTC, ETH, SOL, and HYPE have all been rebounding over the past 24 hours. But NMTD’s situation is quite tangled: the account holds about 6.4M USDT, with a current position nominal value of roughly 37.66M USDT across 23 positions. Unrealized losses have already hit around 1.05M USDT. Looking at the biggest positions: - HYPE long 13.93M USDT, unrealized loss 376K USDT - AmericaKHX long 6.54M USDT, unrealized loss 294K USDT - AmericaOL short 4.73M USDT, unrealized loss 189K USDT - BTC short 2.78M USDT, unrealized loss 90K USDT - ETH short 2.47M USDT, unrealized loss 139K USDT Translation: The recovery today is real, but the pain is also very real. What’s even more unusual is the win rate—an impressive 92.52% across 1,916 trades—but the account still has an accumulated loss of about 3.13M USDT. Normally, a win rate this high should feel great, but NMTD’s answer is clear: winning lots of small trades doesn’t matter if a few big moves go wrong—the balance sheet will still look rough. Addresses like this are more worth tracking than simple profit rankings. Rankings tell you they recovered 870K USDT today, but on-chain positions show you how they managed to keep going and how they’re loading up on risk again. Source: AiCoin Smart Money On-Chain Data Join the AiCoin Smart Money community for real-time whale alerts: https://t.me/AiCoinWhaleData #Hyperliquid #SmartMoney #AiCoin #HYPE #BTC #ETH #SOL