[Whale/Institution Buys ASTER as a Hedging Arbitrage Move] Just discovered that the whale/institution behind the 7.5M USDT purchase of ASTER is not outright long on ASTER. A related wallet of this address conducted hedging or funding fee arbitrage on Hyperliquid: shorting 6.486M ASTER with 3x leverage (the same amount as the spot purchase). This is likely a hedging move or an attempt to arbitrage funding fees (currently positive on Hyperliquid, meaning longs pay funding fees to shorts, with an annualized rate as high as 450%). Short/Arbitrage Address: https://hyperbot.network/trader/0x45d26f28196d226497130c4bAc709d808fEd4029 Sponsored by Bitget｜@Bitget_zh