New address heavily invested in BTC and HYPE, long positions exceed $54M 0xcfe2…8fb3 is a newly active address, but it’s making big moves right out of the gate. - From Sep 8–10, the account transferred in approximately 17.99M USDC; - On Sep 9, it went long on 500 BTC near $78,639, with an entry cost of about $39.32M; - Today, between 07:09–07:54, it opened 3 long positions for 200K HYPE at an average price of $79, totaling approximately $15.8M. Currently, the BTC long position is at an unrealized loss of $720K, while the HYPE position has an unrealized gain of $165K. Combined, the two positions exceed $54M.