Hyperliquid Builder-Linked Address Places 96 BTC Limit Buy Orders Below Market Price

On September 24, TradingBeats monitoring showed that a Hyperliquid ecosystem builder linked to NMTD (X: NMTD8) used address 0xf517 to place 96 BTC limit buy orders early in the morning. According to BlockBeats On-chain Detection, the orders were spread between $77,825 and $82,555, with a planned total purchase of about 843.99 BTC and an order value of roughly $67.071 million.The address currently holds about 70.41 BTC in long positions, worth about $5.921 million, with an average entry price of around $81,273.5 and unrealized gains of about $199,000. No new BTC trades were recorded for the address during the day, while BTC was trading at about $84,101.The highest order level at $82,555 was about 1.8% below the current price, and the lowest level at $77,825 was about 7.5% lower. The buying plan mainly covers a pullback range of about 2% to 7.5% below the current price.If the existing position remains unchanged and all 96 orders are filled, the address's BTC long position would rise from about 70.41 BTC to about 914.40 BTC, expanding to roughly 13 times the current size. In addition, another linked address, 0xb1ec, placed a buy order of about $15 million at $83,144 at 00:09 and reduced its BTC long position.