RRektrospect

0xa875890465da20062bcf3b024bf7d54e69c725a8

0xa875...25a8 wallet audit

Open ETH long dominates this wallet: $53,829,000 notional, -$13,464,744 -400.2% unrealised, 20x cross, held at least 78 days, liquidation $1,178. Closed trades are supporting context: $1,901,554 realised trading PnL across 1 closed position cycles, using 5,125 public fills from Mar 8, 2026 to May 17, 2026.

limited sampleLimited sample: only 1 closed position cycles are visible in the data covered (Mar 8, 2026 to May 17, 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.position-dominatedOpen unrealised PnL is more than 2x the absolute closed realised PnL ($1,901,554). The page leads with open exposure, and closed trades are supporting context.Mar 8-May 17 dataThis audit used 5,125 public fills covering Mar 8, 2026 to May 17, 2026. The date range comes from the actual public fill and position-cycle timestamps, not a preset calendar period.
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 ETH long dominates this wallet: $53,829,000 notional, -$13,464,744 -400.2% unrealised, 20x cross, held at least 78 days, liquidation $1,178.

Closed trades still matter, but they are not the main account story here. The closed-trade sample covers Mar 8, 2026 to May 17, 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; liquidation at $1,178 remains the downside boundary for this position.

Position
ETH long
Open PnL
-$13,464,744 (-400.2% ROE)
Notional
$53,829,000
Liquidation
$1,178
Read this as
entry $2,243 · mark $1,794 · held at least 78 days · 20x cross · $2,691,450 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.-$13,464,744-400.2% ROE
Open notionalCurrent notional value of the open positions. When this dwarfs closed-trade activity, the open position is the wallet's main story.$53,829,000ETH long
LiquidationLiquidation price reported by Hyperliquid for the dominant open position when available.$1,17820x cross
Closed realised PnLClosed trading profit or loss after fees in the data covered: Mar 8, 2026 to May 17, 2026. This excludes the live unrealised PnL above.$1,901,5541 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.$50,277,3003 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 $19,186,652 minus closed trading PnL $1,901,554 = starting estimate $17,285,098). 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.

Data coveredThis audit used 5,125 public fills covering Mar 8, 2026 to May 17, 2026. The date range comes from the actual public fill and position-cycle timestamps, not a preset calendar period.Mar 8, 2026 to May 17, 2026

This is not a fixed last-week or last-month period. It is the actual span covered by the public fills used for this wallet, so the page should be read as 70 calendar days of visible trading history.

Public fills
5,125
Position cycles
1 closed, 2 open
Limit
public fill cap not hit
Equity curveA historical line showing how the wallet balance moved across the data covered: Mar 8, 2026 to May 17, 2026. It is not a prediction.$19,186,652
all visible fillsThis audit used 5,125 public fills covering Mar 8, 2026 to May 17, 2026. The date range comes from the actual public fill and position-cycle timestamps, not a preset calendar period.
Equity curve by date and account valueX-axis shows date. Y-axis shows account value in US dollars. The line starts at Apr 14 with $19M and ends at Apr 14 with $19M.Account value (USD)Date$19MApr 14
Audit summaryA short extract from the full trader analysis below. It is built from the stored numbers and evidence pack.What matters immediately
  • Open ETH long dominates this wallet: $53,829,000 notional, -$13,464,744 -400.2% unrealised, 20x cross, held at least 78 days, liquidation $1,178.
  • Closed-trade context: $1,901,554 realised trading PnL across 1 closed position cycles in the data covered.
  • Data used: 5,125 public fills from Mar 8, 2026 to May 17, 2026; this is the actual visible trading span, not a preset last-week or last-month period.
  • 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
  • The closed BTC trade was profitable and executed with active averaging, generating $1.9M realised gain on a 37.6% directional move.
  • The open ETH position is severely underwater at -400% ROE, with no stop in place and liquidation risk $616 below the current mark.
  • The sample is too small to assess whether the BTC win reflects repeatable edge or a single successful trade in a very early account history.
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 ETH long dominates this wallet: $53.8M notional, -$13.5M unrealised, -400% unrealised ROE, 20x cross leverage, held 78 days, liquidation at $1,178. This is still open exposure; the unrealised loss is not locked in, and the final outcome remains unknown until the position closes. The liquidation price sits $616 below the current mark, representing the downside boundary.

The sample is too small to support behavioural conclusions. Only one closed trade is visible in the available fill history, making this audit a snapshot of current risk rather than a pattern assessment.

What the data shows

The account opened on 8 March 2026 and has executed three total episodes: one closed BTC long and two open positions (ETH long and one other). The closed BTC trade generated $1.9M realised profit on a 37.6% move from $69,176 to $74,687 over 894 hours, with fees of $43,358 reducing net realised PnL to $1.93M. That single closed win carries a 100% win rate and an averaging-down flag, indicating the position was scaled into during the trade.

The current ETH long opened on 23 April 2026 at $2,243 and has absorbed $620k in funding costs over 78 days. At the current mark of $1,794, the position is underwater by $13.5M notional. The position carries 20x cross leverage on $2.69M margin used, leaving $616 of buffer to the liquidation price at $1,178. No stop is in place.

Gross fees paid total $43,358 against $115.5M in gross volume, a fee ratio of 0.04%. The closed realised PnL of $1.9M sits well above fees, but the open unrealised loss dwarfs the closed profit by a factor of 7x. The account's headline +11% all-time PnL is entirely dependent on the BTC win; without it, the account would be deeply negative.

Trade quality

The sample is too small to extract meaningful trade quality metrics. One closed episode with a 100% win rate and a single profit factor of infinity (no losses) does not constitute a basis for assessing edge, consistency, or risk management discipline. The averaging-down flag on the BTC trade suggests active position management, but a single instance cannot be generalised.

Open positions

The ETH long at $53.8M notional is the only material exposure. It is 280x the size of the closed BTC trade and carries no stop order. The position has declined $13.5M from entry, with funding costs of $620k compounding the loss. A second open position exists but is not material relative to the ETH exposure.

Honest summary

  • The closed BTC trade was profitable and executed with active averaging, generating $1.9M realised gain on a 37.6% directional move.
  • The open ETH position is severely underwater at -400% ROE, with no stop in place and liquidation risk $616 below the current mark.
  • The sample is too small to assess whether the BTC win reflects repeatable edge or a single successful trade in a very early account history.

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.
1
Examples
  • BTC on Mar 8, 2026: added to the position; while it was already moving against entry; outcome $1,901,554.
Oversized loserA losing position cycle more than 3x the wallet's median closed loss.
0

No matching position cycles in the data covered.

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.$1,901,553.99
Fees / realised PnLFees as a share of realised trading PnL. High values mean execution cost is eating a meaningful part of the edge.+2.3%
Maker fill rateShare of fills that added liquidity rather than crossed the spread. Higher maker share usually means more patient execution.+23.8%

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.-$172,851
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-1.0%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
1
2% account-risk ruleThis scenario limits each eligible position cycle to about 2% of account value at the simulated stop.-$345,702
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-2.0%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
1
4% account-risk ruleThis scenario limits each eligible position cycle to about 4% of account value at the simulated stop.-$691,404
Max drawdownLargest high-to-low account-value drop inside this simulated replay.
-4.0%
Stopped earlyHow many historical position cycles would have exited before the real close because the simulated stop was hit.
1

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.

No simulator curve yetThis wallet has 1 simulated close with usable stop and candle data. The cards above are scenario totals; a time-series curve needs at least two simulated closes.

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.
BTClong$26,151,013$1,901,5542026-04-14

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.
BTC1+100.0%$1,901,554
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