According to @KookCapitalLLC, Hyperliquid is the only BTC Layer-2 that matters and its uBTC is sufficient to use BTC in DeFi, highlighting Hyperliquid as a primary venue for BTC on-chain activity; source: @KookCapitalLLC on X, Oct 1, 2025. According to @KookCapitalLLC, the same model applies to other tokens, signaling a platform-wide approach that traders can factor into L2 rotation and liquidity allocation decisions; source: @KookCapitalLLC on X, Oct 1, 2025. According to @KookCapitalLLC, traders can respond by monitoring uBTC liquidity, BTC and uBTC perpetual funding rates, open interest, and spot perp basis on Hyperliquid to validate flow; source: @KookCapitalLLC on X, Oct 1, 2025.

According to Ai 姨, a trader known as 'ETH 高胜率波段老哥' has deposited 18.04 million USDC in Hyperliquid, strategically allocating funds across multiple positions. The trader is long on $LDO with a position valued at $3.209 million, currently experiencing a floating loss of $43,000. Additionally, they have spot positions in $HYPE worth $3.18 million and $UBTC worth $350,000. Furthermore, they have placed limit orders to potentially increase these positions. This strategic allocation suggests a calculated approach in managing their portfolio.