RRektrospect

0x010461c14e146ac35fe42271bdc1134ee31c703a

0x0104...703a wallet audit

Open BABY long dominates this wallet: $70,938 notional, -$1,266 -35.1% unrealised, 20x cross, held at least 52 days. Closed trades are supporting context: $415 realised trading PnL across 14 closed position cycles, using the latest 10,000 public fills from May 18, 2026 to Jul 10, 2026; older public fills may exist outside this audit.

profitableA quick bucket assigned from realised trading PnL, closed position-cycle count, and whether the public fill source was capped. Data covered: May 18, 2026 to Jul 10, 2026. Classification basis: closed net pnl after fees available window.position-dominatedOpen unrealised PnL is more than 2x the absolute closed realised PnL ($415). The page leads with open exposure, and closed trades are supporting context.latest 10,000 fillsHyperliquid's public fills source is capped for very active wallets. This audit used the latest 10,000 public fills it could retrieve, covering May 18, 2026 to Jul 10, 2026. Older trades may exist outside this page, so lifetime claims are avoided.
ModeProfessional keeps the tone factual. Roast uses the same numbers but writes the commentary more sharply.
ProfessionalRoast
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Dominant open positionThis wallet is led by live open exposure rather than closed trades. The trigger is open unrealised PnL greater than 2x closed realised PnL, or the largest open notional greater than closed-trade volume.Open BABY long dominates this wallet: $70,938 notional, -$1,266 -35.1% unrealised, 20x cross, held at least 52 days.

Closed trades still matter, but they are not the main account story here. The closed-trade sample covers May 18, 2026 to Jul 10, 2026; the open-position figures are live account-state figures from Hyperliquid when the audit ran. The unrealised PnL is still open, not a locked result, so the final outcome is unknown.

Position
BABY long
Open PnL
-$1,266 (-35.1% ROE)
Notional
$70,938
Liquidation
n/a
Read this as
entry $0.0135 · mark $0.0133 · held at least 52 days · 20x cross · $3,547 margin used
Open unrealised PnLLive mark-to-market profit or loss on current open positions from Hyperliquid account state. It is not closed or banked.-$981-35.1% ROE
Open notionalCurrent notional value of the open positions. When this dwarfs closed-trade activity, the open position is the wallet's main story.$3,974,767BABY long
LiquidationLiquidation price reported by Hyperliquid for the dominant open position when available.n/a20x cross
Closed realised PnLClosed trading profit or loss after fees in the data covered: May 18, 2026 to Jul 10, 2026. This excludes the live unrealised PnL above.$41514 closed cycles
Closed volumeGross notional from closed position cycles in the data covered. This is the comparison used to decide whether an open position dominates the wallet.$158,278193 total cycles
Trading PnL vs transfersRealised trading PnL comes from Hyperliquid closed-fill profit and loss. Deposits and withdrawals can change account value, but they are not counted as trading PnL here.

This audit is position-dominated, so open unrealised PnL is shown separately from closed realised trading PnL. The dollar PnL is the realised result from closed trades in the data covered. The percentage uses an inferred starting value (current account value $3,004,577 minus closed trading PnL $415 = starting estimate $3,004,162). This audit does not ingest a deposit or withdrawal ledger, so it can show that trades lost money, but it cannot prove whether the owner also moved funds in or out. Older fills may also exist outside the latest 10,000-fill window.

Data coveredHyperliquid's public fills source is capped for very active wallets. This audit used the latest 10,000 public fills it could retrieve, covering May 18, 2026 to Jul 10, 2026. Older trades may exist outside this page, so lifetime claims are avoided.May 18, 2026 to Jul 10, 2026

This is not a fixed last-week or last-month period. It is the actual span covered by the latest 10,000 public fills Hyperliquid exposed for this wallet. Because the public fill source hit its cap, older trades may exist but are not included here.

Public fills
10,000
Position cycles
14 closed, 179 open
Limit
latest 10,000 fills only
Equity curveA historical line showing how the wallet balance moved across the data covered: May 18, 2026 to Jul 10, 2026. It is not a prediction.$3,004,577
latest fills onlyHyperliquid's public fills source is capped for very active wallets. This audit used the latest 10,000 public fills it could retrieve, covering May 18, 2026 to Jul 10, 2026. Older trades may exist outside this page, so lifetime claims are avoided.
Equity curve by date and account valueX-axis shows date. Y-axis shows account value in US dollars. The line starts at May 18 with $3M and ends at Jul 10 with $3M.Account value (USD)Date$3M$3M$3MMay 18May 19Jul 10
Audit summaryA short extract from the full trader analysis below. It is built from the stored numbers and evidence pack.What matters immediately
  • Open BABY long dominates this wallet: $70,938 notional, -$1,266 -35.1% unrealised, 20x cross, held at least 52 days.
  • Closed-trade context: $415 realised trading PnL across 14 closed position cycles in the data covered.
  • Data used: latest 10,000 public fills from May 18, 2026 to Jul 10, 2026; older public fills may exist outside this audit because the source hit its cap.
  • The hold duration is a lower bound because the position was already open at the first visible fill for that market.
Analysis readoutA plain-language interpretation layer from the trader analysis. Use the cards and tables below for the raw evidence.Strengths & weaknesses
  • Open BABY long dominates this wallet: $70,938 notional, -$1,266 -35.1% unrealised, 20x cross, held at least 52 days.
  • Closed-trade context: $415 realised trading PnL across 14 closed position cycles in the data covered.
  • Data used: latest 10,000 public fills from May 18, 2026 to Jul 10, 2026; older public fills may exist outside this audit because the source hit its cap.
  • The hold duration is a lower bound because the position was already open at the first visible fill for that market.
Trader analysisThis is the full written analysis for this wallet and mode. The metrics, flags, simulator, and tables below are the supporting evidence.Full trader analysis

Bottom line up front

Open BABY long dominates this wallet: $70,937.89 notional, $-1,265.67 unrealised, -35.06% unrealised ROE, 20x cross margin, held 52 days, no liquidation price disclosed. This is still open exposure; the unrealised loss is not locked in, and the final outcome remains unknown until the position closes. The closed-trade record is marginally profitable at +$414.79 across 14 episodes in the data covered, but only the most recent public fills are visible—this audit covers the data covered rather than full account history. The real story is a wallet that has absorbed a catastrophic deepest decline in this window from a $113.5M highest balance in this window to current levels, now carrying a portfolio of five long positions and one short that collectively show $-980.69 in unrealised losses, offset by the BABY position's underwater status. Closed trades show edge in ZEC longs and short-side micro-caps, but two oversized losses (HYPE short, TON long) and revenge-trade sequencing reveal behavioural fractures that the open book is now amplifying.

What the data shows

This account opened on 18 May 2026 and has executed 193 total episodes—14 closed, 179 open—in 52 days of visible activity. The closed-trade realised PnL is $414.79, but that figure masks the true account arc: the wallet peaked at $113.5M on 20 May and fell to $3.0M by 9 July, a deepest decline in this window of 97.35%. The current balance is $3.0M. Fees paid are zero; the account is trading with maker rebates (44.45% maker fill rate), so execution costs are not the friction point.

Long positions generated $438.58 realised PnL across 9 episodes (66.67% win rate); shorts generated -$23.79 across 4 episodes (50% win rate). ZEC is the only coin with a clear edge: two episodes, both profitable, $468.83 total realised PnL. HYPE and TON are the damage: HYPE short closed at -$37.91 after 52 days held, entered at 49.5 and exited at 54.57 on 10 July, with a maximum adverse excursion of -47.29%; TON long closed at -$30.50 after 12 hours, entered and exited at 1.99 on 18–19 May. Both trades were flagged as oversized losers relative to median loss size (HYPE 25.52x median, TON 20.53x median). Both were also revenge trades: the HYPE short followed a loss in IO, and the TON long preceded the HYPE short, which itself followed a loss in IO.

The open book is the real liability. BABY long is underwater by $1,265.67 (-35.06% ROE) on $70.9k notional at 20x leverage, held for 52 days. The other four open longs (BTC, ETH, ATOM, SOL) are collectively slightly positive but negligible; DYDX short is -$191.93 (-13.7% ROE) on $28.2k notional with a liquidation price at 13.9361 (current mark 0.1327). Total open unrealised loss is $-980.69, but the BABY position's $-1,265.67 loss dominates the portfolio. Funding costs have been substantial: BABY has paid $-3,952.11 in funding since opening, BTC -$612.9k data-covered, ETH -$484.3k data-covered. The account is carrying cumulative funding drag that dwarfs closed-trade profits.

Trade quality

Win rate is 57.14% across 14 closed episodes. Profit factor is 6.81—for every dollar lost, the account made $6.81—which is strong on its face. Expectancy is $29.63 per closed episode. Win/loss ratio is 5.11: average winner is $60.78, average loser is -$11.90. These metrics reflect a small sample of closed trades with two outsized losses pulling the average down; without HYPE and TON, the closed record would be nearly clean. The issue is not win rate or profit factor; it is position sizing on losers and the absence of stops on open positions.

Post-mortems

HYPE short, 18 May – 10 July 2026. Entered at 49.5, exited at 54.57, -$37.91 loss. Maximum position notional $104.4k at 20x leverage. Held 52 days. Maximum adverse excursion -47.29%, meaning the position moved 47% against the entry before exiting. Structural stop distance was 2.87% (ATR 14 1H). This trade was flagged as both an oversized loser and a revenge trade (opened after a loss in IO). No stop was in place. The trade drifted for seven weeks and was closed at a loss, having seen a brief 3.73% profit window that was not taken.

TON long, 18–19 May 2026. Entered at 1.99, exited at 1.99, -$30.50 loss. Maximum position notional $13.9k. Held 12 hours. Maximum adverse excursion -0.27%, so the loss was immediate and tight. Structural stop distance was 3.93% (ATR 14 1H). This trade was flagged as an oversized loser. It was closed at breakeven price but recorded a loss, likely due to slippage or funding. This was the opening loss that triggered the HYPE revenge trade.

Both trades show the same pattern: large notional size relative to the account, no active stops despite structural stop distances of 2.8–3.9%, and extended hold periods (one 52 days, one 12 hours but still a full cycle). The HYPE trade in particular shows the cost of averaging down into a losing position: a second short entry was added at 67.17 on 10 July, closed immediately at 67.33 for -$2.35, flagged as averaging down.

What the risk simulation reveals

Under a 1% stop-loss rule applied historically, the account would have realised -$2.0M PnL with a deepest decline in this window of -75.5%, stopping out 2 episodes early. Under 2%, simulated loss is -$4.0M with -151% deepest decline. Under 4%, simulated loss is -$8.1M with -302% deepest decline. These counterfactuals are gross of fees. The simulation reveals that without stops, the account's leverage and position sizing allowed losses to compound; with even a 1% rule, the account would have exited earlier and reduced cumulative damage. The actual deepest decline of -97.35% occurred because positions were held through adverse moves without mechanical exits.

Open positions

BABY long is the dominant exposure: $70.9k notional, -$1,265.67 unrealised, -35.06% ROE, 20x cross margin, 52 days held, no stop in place. This position is underwater and has been funded at a cost of -$3,952.11 since opening. No liquidation price is disclosed, indicating the position is not at immediate liquidation risk on cross margin, but the funding bleed and mark-to-market loss are material.

Secondary open positions are BTC long ($49.3k notional, +$71.75 unrealised, 2.92% ROE, 52 days, no stop), ATOM long

Behaviour checksRule-based warnings found in the trading history. They are not moral judgements; they mark patterns worth reviewing.

Rule-based position-cycle checks
FOMO re-entryReopened the same market and direction soon after a winning close, but at a worse entry.
0

No matching position cycles in the data covered.

Averaging downAdded size while the position was already moving against the entry.
2
Examples
  • ZEC on Jul 10, 2026: added to the position; while it was already moving against entry; outcome $11.
  • HYPE on Jul 10, 2026: added to the position; while it was already moving against entry; outcome -$2.
Oversized loserA losing position cycle more than 3x the wallet's median closed loss.
2
Examples
  • TON: -$31 realised loss; 20.5x median closed loss.
  • HYPE: -$38 realised loss; 25.5x median closed loss.
Revenge tradeOpened a larger-than-normal position within one hour after a closed loss.
3
Examples
  • ZEC on May 18, 2026: followed a -$31 loss; larger-than-normal size.
  • HYPE on May 18, 2026: followed a -$1 loss; larger-than-normal size.
+1 more matching cycle
ExpectancyAverage result per closed position cycle after wins and losses are blended. Positive means each completed cycle added money on average.$29.63
Fees / realised PnLFees as a share of realised trading PnL. High values mean execution cost is eating a meaningful part of the edge.n/a
Maker fill rateShare of fills that added liquidity rather than crossed the spread. Higher maker share usually means more patient execution.+44.5%

Expectancy is not a forecast. It is the historical average result per closed position cycle in this reconstructed sample.

Risk simulatorA counterfactual replay of the same historical trades using fixed risk limits. It is for comparing risk shape, not predicting future returns.

Replays the same closed position cycles with 1%, 2%, and 4% account-risk sizing. It shows what the wallet would have made or lost if each eligible cycle was sized from account value at entry and a structural stop.

1% account-risk ruleThis scenario limits each eligible position cycle to about 1% of account value at the simulated stop.-$2,023,661
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-75.5%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
2
2% account-risk ruleThis scenario limits each eligible position cycle to about 2% of account value at the simulated stop.-$4,047,322
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-151.0%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
2
4% account-risk ruleThis scenario limits each eligible position cycle to about 4% of account value at the simulated stop.-$8,094,645
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-302.0%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
2

The 1%, 2%, and 4% rules are account-risk limits per position cycle, not leverage settings. If the simulated stop is breached, the cycle is stopped early. Outputs are gross of fees and funding, so use them as risk-shape comparisons rather than exact alternate realised trading PnL.

Equity curve by date and account valueX-axis shows date. Y-axis shows account value in US dollars. The line starts at May 19 with $2.8M and ends at Jul 10 with -$1M.Account value (USD)Date$2.8M$632k-$1.5MMay 19May 18Jul 10

Top lossesThe largest realised losing position cycles in the data covered by this audit.

Click a row for the trade breakdown
MarketThe traded Hyperliquid market or coin.SideLong means the wallet benefited if price rose. Short means it benefited if price fell.SizeLargest notional exposure reached during the reconstructed position cycle.PnLRealised profit or loss when the position cycle closed.DateClosed date when available; otherwise the cycle open date.

Top winsThe largest realised winning position cycles in the data covered by this audit.

Realised position-cycle outcomes
MarketThe traded Hyperliquid market or coin.SideLong means the wallet benefited if price rose. Short means it benefited if price fell.SizeLargest notional exposure reached during the reconstructed position cycle.PnLRealised profit or loss when the position cycle closed.DateClosed date when available; otherwise the cycle open date.
ZEClong$91,179$4582026-07-10
ZEClong$1,659$112026-07-10
MINAshort$32,944$102026-07-10
ENAshort$3,624$52026-05-19
GRAMshort$1,585$22026-07-10

By marketBreaks the audit down by traded market or coin so you can see which markets helped or hurt the account.

Realised results by coin
CoinThe traded Hyperliquid market.CyclesClosed reconstructed position cycles for this market. One cycle can contain many fills.WinShare of that market's closed position cycles that ended positive.PnLRealised PnL attributed to this market's closed position cycles in the data covered by this audit.
ZEC2+100.0%$469
HYPE20.0%-$40
TON3+66.7%-$30
MINA1+100.0%$10
ENA1+100.0%$5
GRAM1+100.0%$2
BRETT2+50.0%$1
IO20.0%-$1
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