After TSMC's October revenue was announced, the on-chain TSM first-hour trading volume increased by about 234%.
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AT A GLANCE
According to the report, after TSMC announced its October revenue, the first-hour trading volume of the TSM perpetual contract on Hyperliquid increased by approximately 234%, while the largest long remained at an unrealized loss.
Article
On-chain trading rises after TSMC earnings, TSM's largest long position remains underwater
BlockBeats news, November 10, on-chain TSM first-hour trading volume expanded 234%, while open interest instead declined. TSMC reported October revenue of 586890000000 new Taiwan dollars, up 59.7% year-on-year and up 14.7% month-on-month; cumulative revenue for the first 10 months of this year was approximately 4490000000000 new Taiwan dollars, up 43.3% year-on-year.
According to TradingBeats monitoring, starting from the revenue announcement, in the first hour afterward, TSM perpetual contract trading volume on Hyperliquid was approximately 358900 USD, an increase of about 233.8% from 107500 USD in the previous 1 hour. During the same period, the increase was about 0.69%. While trading volume expanded, open interest did not expand in tandem.
Among large positions, TSM's largest long whale 0xfd6a remains underwater, holding a long position of approximately 1219000 USD with an average price of 434.97 USD, currently underwater by about 132000 USD. TSM still needs to rise about 10.8% from the current price to return to its entry cost.
Original link https://m.theblockbeats.info/flash/376509
Key points
01
The report cited TSMC's October revenue as 586,890,000,000 New Taiwan dollars, up 59.7% year-on-year and up 14.7% month-on-month; cumulative revenue for the first 10 months was approximately 4,490,000,000,000 New Taiwan dollars, up 43.3% year-on-year.
02
According to TradingBeats monitoring, in the first hour after the revenue announcement, the trading volume of TSM perpetual contracts on Hyperliquid was approximately 358900 USD, compared to approximately 107500 USD in the previous 1 hour, an increase of approximately 233.8%, while the price rose by approximately 0.69% during the same period.
03
The main text states that when trading volume expanded, open interest did not expand in tandem; the beginning of the article separately states that the number of positions declined.
04
The report states that the largest TSM long, 0xfd6a, holds a long position of approximately 1,219,000 USD at an average price of 434.97 USD, with an unrealized loss of approximately 132,000 USD; according to the report, the price would need to rise approximately 10.8% from the current price to return to its entry cost.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news is about the 1-hour trading changes in the TSM perpetual contract after the revenue announcement: trading volume increased significantly, but open interest did not increase in tandem. Although the largest long in the report still holds a long position, it has not yet returned to its entry cost; active trading and profit for that account are not the same thing.
Why it matters to readers
Trading volume, price, and open interest did not change in tandem during this period; one cannot conclude solely from the growth in trading volume that long positions were also increasing.
First distinguish the revenue figures, contract trading volume, and the account's unrealized loss in the report, to avoid interpreting rising trading activity as meaning large holders are already making money.
Risks and unknowns
The provided evidence does not include the original revenue announcement or independently verifiable on-chain transaction details, so the relevant figures remain to be verified.
The headline uses "financial report," while the main text actually describes October and first-10-month revenue; the scope needs to be distinguished.
No specific figure is provided for the decline in open interest; the main text only states that open interest did not expand in tandem, so the extent of the decline cannot be confirmed.
The ranking scope of the largest long, the statistical time point, and the detailed calculation of the account's profit and loss are not provided.
Related Developments
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The described market changes cover only the first hour after the revenue announcement, so subsequent trends cannot be confirmed based on this.
Related concepts
trading volume
Synonymous with trading volume, referring to the number of asset units traded within a given period; it may also be expressed by the traded asset or the quote currency.
