Hyperliquid 50x leverage whale uses TWAP strategy to close some BTC short positions

Odaily News According to Yu Jin’s analysis, Hyperliquid’s 50x leverage whale has begun to close BTC short positions through the TWAP strategy to achieve profit. Data shows that the trader has closed 108 BTC short positions in the past hour and a half.
Currently, the whale still holds short positions of up to 5,500 BTC, with a total value of approximately US$455 million.
The TWAP (Time Weighted Average Price) strategy is a professional trading method that splits large trading orders into multiple small orders and executes them at fixed time intervals. This strategy can effectively reduce the impact of large orders on the market and make the average transaction price closer to the actual market price. It is a common trading method used by institutions and large investors.