I recently came across an interesting trading story. A certain address precisely positioned itself before ZEC reached a high, initiating a 10x leveraged long position at an average price of $446.48. Currently, it holds 22,457.57 ZEC tokens, with an account market value of $11.5 million.

As ZEC once again broke through the $510 threshold, this long position has already realized a profit of $1.48 million, capturing quite a bit of profit. However, on the other side of the story, the same account has an open long position on HYPE with an unrealized loss of $2.3 million, and the overall account is still in a loss.

This case quite well illustrates the point — even top-tier Hyperliquid longs are not immune to ups and downs in leveraged trading. Market fluctuations are fast, and position management tests not only foresight but also the wisdom of risk control.