According to previous reports by Zombit, the high-leverage whale on Hyperliquid gradually closed its short positions through TWAP orders yesterday. Just when the market thought it was about to reverse, this whale chose to terminate the TWAP orders after closing 500 Bitcoin short positions and instead aggressively increased its position by shorting Bitcoin with a leverage of 40 times.
According to on-chain analyst Yu Jin, this position is the largest one he has ever opened, amounting to as much as $520 million. Yu Jin pointed out: “For this position, he transferred a total of $16.75 million USDC into Hyperliquid as collateral. This is all the funds in his address (several million U as principal + over ten million U in profits from the past month).”
Data from Hyperscan shows that the average cost of its short positions is approximately $83,898, with a liquidation price of $85,561, and as of the time of writing, the unrealized profit is about $3.92 million.
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…