40 times short BTC "giant whale cut its losses at 5am today, resulting in a loss of $5.88 million

According to BlockBeats news, on June 10th, according to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, BTC briefly broke through $110000 at 5am today. The "insider trader" who shorted 40 times on Hyperliquid finally cut all of their short orders, resulting in a loss of $5.88 million.