This trader indeed made a huge profit in this wave. Over the past 10 hours, they closed out 2,450 ETH long positions in multiple transactions, realizing a profit of $301,000. However, they haven't fully exited yet, still holding 8,800 ETH, with an unrealized profit of $1.597 million, corresponding to a position value of $29.27 million. The average entry price for these ETH is $3,145.15, and currently, there are still 400 limit take-profit orders in the $3,350 to $3,400 range, indicating a phased approach to gradually realize gains.

On the other side, they also hold 205,000 HYPE long positions, which are also in profit by $83,000. This kind of staged profit-taking strategy is quite sophisticated—it locks in profits while avoiding a sudden sell-off that could impact the price. For large traders, this is a very prudent operational approach.