According to @lookonchain, a trader turned an initial $125K deposit on Hyperliquid into $29.6M in roughly four months by repeatedly going long ETH across two accounts and compounding profits, achieving a 236x return (Source: @lookonchain on X, Aug 17, 2025). The post specifies that the trader rolled every dollar of profit into subsequent ETH long positions, indicating a concentrated, long-only strategy on Hyperliquid (Source: @lookonchain on X, Aug 17, 2025). The post does not disclose leverage size, entry levels, or liquidation thresholds, limiting assessment of replication risk and trade sizing for other market participants (Source: @lookonchain on X, Aug 17, 2025).

According to Miles Deutscher, the current cryptocurrency market is neither in an altcoin season nor a Bitcoin season. Deutscher suggests that if the market enters a 'Bitcoin Season' zone, it would be strategic to aggressively long altcoins, indicating potential trading opportunities in the altcoin sector during such a phase.