RRektrospect

0x89da4baec446f35a1cbe17a9d1ee5c70b05ee43f

0x89da...e43f wallet audit

0x89da...e43f audit. -$17,949,843 realised trading PnL across 9 closed position cycles, using the latest 10,000 public fills from Aug 30, 2025 to Jan 31, 2026; older public fills may exist outside this audit.

limited sampleLimited sample: only 9 closed position cycles are visible in the data covered (Aug 30, 2025 to Jan 31, 2026). Raw metrics are shown, but behavioural conclusions stay caveated until there are at least 10 closed cycles. Classification basis: closed net pnl after fees available window.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 Aug 30, 2025 to Jan 31, 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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Current account valueAccount value from Hyperliquid's public account state when this audit ran. This is a balance snapshot, not proof of lifetime deposits or withdrawals.$0latest 10,000 fills
Realised trading PnLClosed trading profit or loss after fees in the data covered: Aug 30, 2025 to Jan 31, 2026. Deposits and withdrawals are not counted as PnL. Older public fills may exist outside this audit.-$17,949,843-100.0%
Max drawdownLargest fall from a previous balance high to a later low inside the data covered: Aug 30, 2025 to Jan 31, 2026.-100.0%9 closed position cycles
Win rateShare of closed position cycles that ended positive. Profit factor compares total winning realised PnL with total losing realised PnL.+22.2%0.13 profit factor
Total volumeGross notional traded across 10,000 reconstructed public fills. A position cycle can contain many individual fills.$381,924,54013 position 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.

The dollar PnL is the realised result from closed trades in the data covered. The percentage uses an inferred starting value (current account value $0 minus closed trading PnL -$17,949,843 = starting estimate $17,949,843). 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 Aug 30, 2025 to Jan 31, 2026. Older trades may exist outside this page, so lifetime claims are avoided.Aug 30, 2025 to Jan 31, 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
9 closed, 4 open
Limit
latest 10,000 fills only
Equity curveA historical line showing how the wallet balance moved across the data covered: Aug 30, 2025 to Jan 31, 2026. It is not a prediction.$0
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 Aug 30, 2025 to Jan 31, 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 Aug 30 with $20M and ends at Jan 31 with $0.Account value (USD)Date$20M$10M$0Aug 30Jan 31Jan 31
Audit summaryA short extract from the full trader analysis below. It is built from the stored numbers and evidence pack.What matters immediately
  • Data used: latest 10,000 public fills from Aug 30, 2025 to Jan 31, 2026; older public fills may exist outside this audit because the source hit its cap.
  • The sample is too small to draw reliable conclusions about this account's edge or approach.
  • Nine closed episodes over 154 days, with a -100% realised loss of $17.95m against $375.5m gross volume, leaves the account at $0.27.
Analysis readoutA plain-language interpretation layer from the trader analysis. Use the cards and tables below for the raw evidence.Strengths & weaknesses
  • Data used: latest 10,000 public fills from Aug 30, 2025 to Jan 31, 2026; older public fills may exist outside this audit because the source hit its cap.
  • The sample is too small to draw reliable conclusions about this account's edge or approach.
  • Nine closed episodes over 154 days, with a -100% realised loss of $17.95m against $375.5m gross volume, leaves the account at $0.27.
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

The sample is too small to draw reliable conclusions about this account's edge or approach. Nine closed episodes over 154 days, with a -100% realised loss of $17.95m against $375.5m gross volume, leaves the account at $0.27. Only the most recent public fills are visible in this data covered. The two largest losses—XPL long from 0.81 to 0.39 (–$16.3m, 42.6 hours) and ETH long from 2756.41 to 2481.90 (–$2.4m, 193 hours)—both flagged as oversized, account for 91% of realised losses. A single ETH scalp on 30 August 2025 (4267.82 to 4379.76, +$2.4m in 4 hours) was the only material win. The sample is too small to isolate whether these outcomes reflect execution error, leverage miscalibration, or directional conviction that failed to materialise.

What the data shows

The data covered spans 154 days and captures nine closed trades across four instruments. XPL, ETH, SOL, and ZEC were all approached as longs; no short positions appear in the closed record. The account opened with an ETH scalp that worked—a 4-hour hold at 102.8m notional returning $2.4m—but this early win was obliterated by two consecutive oversized long positions that moved against the account sharply.

The XPL trade (opened 9 October 2025, closed 10 October 2025) sized to $25.8m notional on a 0.81 entry and exited at 0.39, a 52% decline in 42.6 hours. The structural stop was set at 4% distance, well below the realised adverse move. The ETH trade that followed (opened 23 January 2026, closed 31 January 2026) sized to $23.5m notional, entered at 2756.41, and exited at 2481.90, a 10% loss over 193 hours. The structural stop here was tighter—1.41% distance via ATR(14,1h)—but again did not arrest the loss.

Between these two catastrophic positions, the account posted a modest ETH win (261k) on a 125-day hold from 2915.54 to 3061.89. The account generated $375.5m in gross volume against $93.6k in fees, a ratio of 0.025%, indicating low-friction execution. Realised losses of $18.3m against $93.6k in fees means the account lost money on the core trade selection, not on execution cost.

Trade quality

Win rate is 22% (2 wins in 9 closed trades). Profit factor is undefined because total losses exceed total wins by a factor of 7.7:1. Expectancy per closed trade is –$2.03m. The two wins averaged $1.3m; the seven losses averaged $2.6m per episode. The largest loss was 6.8x the largest win. Fees consumed 0.5% of realised PnL magnitude, a negligible drag relative to the directional losses.

Post-mortems

XPL long, 9–10 October 2025. Entry at 0.81, exit at 0.39, notional $25.8m, loss –$16.3m. Held 42.6 hours. Structural stop set at 4% distance but not triggered. The position was flagged as oversized. The 52% adverse move in under two days suggests either a sharp adverse catalyst or a sizing error relative to conviction or volatility expectation.

ETH long, 23 January–31 January 2026. Entry at 2756.41, exit at 2

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
  • SOL on Jan 25, 2026: added to the position; while it was already moving against entry; outcome -$258,193.
  • ZEC on Jan 31, 2026: added to the position; while it was already moving against entry; outcome -$57,798.
Oversized loserA losing position cycle more than 3x the wallet's median closed loss.
3
Examples
  • ETH: -$1,359,996 realised loss; 5.3x median closed loss.
  • XPL: -$16,324,271 realised loss; 63.2x median closed loss.
+1 more matching cycle
Revenge tradeOpened a larger-than-normal position within one hour after a closed loss.
0

No matching position cycles in the data covered.

ExpectancyAverage result per closed position cycle after wins and losses are blended. Positive means each completed cycle added money on average.-$1,994,426.95
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.+0.2%

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.$141,738
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-1.6%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
3
2% account-risk ruleThis scenario limits each eligible position cycle to about 2% of account value at the simulated stop.$283,476
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-3.1%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
3
4% account-risk ruleThis scenario limits each eligible position cycle to about 4% of account value at the simulated stop.$566,951
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-5.9%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
3

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 Aug 30 with $17M and ends at Jan 31 with $17M.Account value (USD)Date$17M$17M$17MAug 30Jan 25Jan 31

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.
ETHlong$102,789,904$2,384,9532025-08-30
ETHlong$26,625,963$261,1852026-01-23

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.
XPL10.0%-$16,324,271
ETH6+33.3%-$1,309,580
SOL10.0%-$258,193
ZEC10.0%-$57,798
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