According to the TechFlow news from DeepPool, on March 18th, as monitored by on-chain analyst @EmberCN, “Hyperliquid 50x Whale” is currently shorting Bitcoin with a total position value of 5.2 billion USD.
The trader went short with 40x leverage on 6210 BTC, with a cost price of $83,898 and a liquidation price of $85,561. The trader deposited a total of 16.75 million USDC as margin, which is all the funds in their address, including several million dollars of principal and over ten million dollars in profit earned in the past month.
Previously, the trader closed approximately 500 bitcoin short positions through the TWAP strategy, and then re-entered the bitcoin short positions after closing out small long positions in MELANIA and HYPE.
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