Added $ETH and $SOL longs. Pendulum has swung sufficiently back into oversold territory for me to start adding beta back to this market.

Holy shit, crazy scenes. This dude deposited $32M USDC and started TWAP-ing spot HYPE like an absolute psycho, probably trying to liquidate that shorter. He bought $14.5M worth of HYPE in just 15 minutes. Meanwhile he also placed $7.05M in short orders between $34.5–$36, clearly trying to trigger a squeeze. A bunch of people shorted into his buys though, pushing funding to over –800% and creating a $0.40 spot premium. Then when he stopped buying spot HYPE, he market shorted 100K HYPE ($3.3M) and dumped the price 4% in seconds. The shorter is now down to just 727K HYPE ($24M), down from 2.1M HYPE ($67.1M) short this morning. https://hypurrscan.io/address/0x0a8494f70031623c9c0043aff4d40f334b458b11

CL longed 111,111.11 HYPE ($3.7M) today and also bought 21K spot HYPE ($700K). https://hypurrscan.io/address/0xcb58b8f5ec6d47985f0728465c25a08ef9ad2c7b

Lesson: the best time to launch is in a bear market. Launch low, temper expectations, give doubters their ammo early. If nobody shows up to doubt what you're doing, it's not ambitious enough. (Investor in $MON)