Wallet Dossier · On-chain Profile

The quiet compounding of northwind.hl

A $3.2M HyperLiquid book that almost never makes the leaderboard — and almost never loses. Inside a wallet built on patience.

Analysis by LiquidScan AI· June 13, 2026· 6 min read

0x88c1…af30 Lifetime PnL +$1.46M Reputation 851 AI Risk Low · 21

Portfolio value

$3,214,000

+1.1% today

Fig. 1 — Two years of equity. Marked events: deposits, withdrawals, the largest wins and the single notable drawdown. Hover any marker for detail. Source: on-chain, via LiquidScan.

Most wallets that reach the top of HyperLiquid get there loudly. northwind.hl did the opposite. Over two years it compounded a modest deposit into a $3.2M book through a diet of patient position-trades — rarely more than five at a time, rarely above 6× leverage, and almost never held overnight without a hedge.

The Book

Today the wallet runs four positions worth $1.14M in deployed margin. The conviction is unmistakable — long BTC, long HYPE — but it is balanced by a standing ETH short that has quietly hedged three separate market wobbles this quarter.

Market	Side	Size	Entry	Mark	Lev	Margin	uPnL
₿BTC-PERP	LONG	9.8 BTC	61,900	68,910	6×	$420K	+$68.7K
HHYPE-PERP	LONG	210K HYPE	18.40	24.85	5×	$380K	+$135K
ΞETH-PERP	SHORT	240 ETH	3,520	3,392	5×	$170K	+$30.7K
◎SOL-PERP	LONG	720 SOL	161.0	155.2	8×	$70K	−$11.6K

The Holdings

Beyond the perp book sits $2.1M in collateral and spot — over half of it idle USDC, a deliberate reserve that lets the wallet add to winners without being forced to sell.

Holdings

$2.10M

USDC

Free collateral

$1.18M56%

Spot holdings

HYPE · BTC · 4 assets

$546K26%

Staked HYPE

12.1K HYPE · 8.4%

$252K12%

LP positions

HLP vault

$124K6%

Fig. 2 — Asset allocation. A large idle-USDC reserve is the wallet's defining structural choice.

The Track Record

The numbers tell a story of consistency rather than spectacle. A 66% win rate across 5,900 trades, $184M of lifetime volume, and — most tellingly — a Sharpe ratio of 2.18, which puts the wallet in the top 5% of comparable books.

“This is a wallet that treats cash as a position. It would rather miss a move than force one.” — LiquidScan AI, behavioral analysis

The Risk

If there is a vulnerability, the model finds it in concentration: BTC and HYPE together account for roughly two-thirds of deployed margin. Yet liquidation probability over the next week sits at just 11%, and the composite risk score — 21 of 100 — is among the lowest the system assigns to wallets of this size.

Field Notes

A selection of the wallet's most recent on-chain activity, newest first.