Hyperliquid 50 times leveraged whale once again short BTC with a full position of up to $520 million

Odaily Planet Daily News: According to monitoring by Yu Jin, Hyperliquid 50 times leveraged whale has currently shorted BTC in its entire position, and this position is its largest in history, with a total value of up to 520 million. Short selling 6210 BTC (worth $520 million) with 40x leverage, cost price $83898, liquidation price $85561. For this purpose, he transferred 16.75 million USDC as margin to his Hyperliquid account, which is also all the funds in his address (including several million principal and over 10 million USDC earned in the past month). Previously, he had liquidated approximately 500 BTC short positions through the TWAP strategy and subsequently ceased operations. At the same time, its MELANIA and HYPE small multiple orders have been fully closed with slight losses. Subsequently, he added BTC short positions again.