It’s really interesting to see with real numbers how a new large position affects a relative small market.
And most of the times this events give free alpha.

Oracle Corp (Derivatives) (ORCL)
Oracle Corp (Derivatives) ORCL سجل الأسعار USD
امتلك ORCL الآن
اشترِ وبع ORCL بسهولة وأمان على BitMart.Oracle Corp (Derivatives) رؤى X
2 days ago $ORCL on Hyperliquid saw Open Interest rise by $15M, almost doubling.
Interestingly, this happened after 2 operations:
1) 0x86523927bffeafe2e532f0218feb1f3c29f6120d
After depositing $740k, he opened a $7M naked x10 ORCL long and a small NVDA long.
He's responsible for ~23% of the OI of this market.
It probably belongs to @ICanPlug and is likely a directional trade. He's now sitting at around -$100k uPNL including the funding he paid.
2) 0xefd3ab65915e35105caa462442c9ecc1346728df (@cbb0fe once again)
He took the other direction and opened a $5.6M x3 short, representing ~18% of the OI.
This is not a directional trade, he's farming the funding by shorting the perps and holding the spot. He's earning around 50-70% APY.
Does ICanPlug know something?
$ORCL $180
$GLXY $29.3
Whoop
HOLDING MY $ORCL AND $PURR LONGS
NOTHING HAS CHANGED
WE PRINT HIGHER
THESE ARE MY LARGEST POSITIONS
If you want all of the models I shared in the livestream today on $PURR and $ORCL, they are linked here: https://t.co/ICZeS2NxmS