PANews reported on March 18 that according to on-chain analyst Yu Jin’s monitoring, the “Hyperliquid 50x Whale” has now shorted all of BTC, and this position is the largest in its history, with a total value of up to $520 million. It shorted 6,210 BTC (worth $520 million) with 40x leverage, with a cost price of $83,898 and a liquidation price of $85,561.
To this end, he transferred 16.75 million USDC to the Hyperliquid account as a deposit, which is also all the funds in his address (including several million principal + more than 10 million USDC in profits in the past month).
Previously, he had closed about 500 BTC short orders through the TWAP strategy and then stopped the operation. At the same time, his two small long orders of MELANIA and HYPE were all closed with a slight loss. Then, he added BTC short orders again.
