Smart Money Moves: Trader Nets $570K+ Floating Profit by Going Long on Gold & Silver While Shorting Crypto

Coin Newsweek – February 22, 2026 – A strategic trading address on Hyperliquid is sitting on a substantial floating profit of over $570,000 after taking a macro-driven approach: betting on traditional safe havens while shorting the cryptocurrency market.

According to on-chain analyst Ai Yi, address 0x7c9…3c8fd has opened positions totaling $2.647 million on the Hyperliquid platform. The portfolio consists of 11 distinct positions, strategically divided between two asset classes.

On the long side, the trader has taken positions in gold (GOLD) and silver (SILVER), betting on the continued strength of traditional precious metals. On the short side, the address has opened nine separate short positions targeting a broad swath of the cryptocurrency market, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), dYdX (DYDX), and Avalanche (AVAX).

The performance so far has been remarkably lopsided in favor of the trader’s thesis. The current floating profit stands at $573,000, with nearly all positions contributing positively. The only exceptions are minimal floating losses on ETH and SOL, each approximately $1,000 in the red. All other tokens in the portfolio are trading above par relative to the entry prices, generating substantial unrealized gains.

The trade structure reflects a clear macro view: skepticism toward the near-term prospects of cryptocurrencies combined with confidence in gold and silver as stores of value. This positioning comes at a time when traditional assets have shown resilience while crypto markets continue to face headwinds.

Hyperliquid, the platform hosting these positions, has gained traction among sophisticated traders for its perpetual contracts and leveraged trading capabilities. The address’s ability to coordinate 11 simultaneous positions across multiple assets demonstrates a high degree of trading sophistication and capital efficiency.

For observers, the trade serves as a real-time case study in relative value positioning between asset classes. While $1,000 losses on ETH and SOL are negligible in the context of the overall portfolio, they highlight that even winning strategies can have selective underperformers.

The floating profit, while substantial, remains unrealized until positions are closed. In leveraged trading, market conditions can shift rapidly, and the address’s current success could reverse if crypto markets stage a rally or if gold and silver prices retreat.

Nonetheless, the trade has captured the attention of the on-chain analysis community as an example of sophisticated cross-asset arbitrage thinking being executed in real-time on decentralized trading platforms.