Hyperliquid 50x leverage whale once again shorted BTC with a position of up to $520 million

Odaily News According to monitoring by Ember, Hyperliquid’s 50x leveraged whale is currently shorting BTC with all its positions, and this position is the largest in its history, with a total value of up to 520 million.
Shorted 6210 BTC (worth $520 million) with 40x leverage, cost price $83,898, liquidation price $85,561.
To this end, he transferred 16.75 million USDC to the Hyperliquid account as a deposit, which was also all the funds in his address (including several million in principal + more than 10 million USDC in profits in the past month).
Previously, he had closed about 500 BTC short orders through the TWAP strategy and then stopped the operation. At the same time, his two small long orders of MELANIA and HYPE were all closed with a slight loss. Then, he added BTC short orders again.