According to HyperInsight monitoring, a trader expanded a 25x ETH long by deploying 234,900 USDC into Hyperliquid last night, signaling persistent demand for leveraged Ether exposure in the current derivatives landscape.

As of the time of writing, the position remains active, with the trader holding 3,725 ETH—roughly $11.56 million notional—and an unrealized gain near $142,000, underscoring mark-to-market dynamics in Ether derivatives.