“Hyperliquid 50x Insider Whale” closed BTC short position in the early morning and made a profit of 1.97 million US dollars

Odaily News According to @EmberCN monitoring, the "Hyperliquid 50x Insider Whale" closed his short position at 1 a.m. today when BTC fell below $100,000, making a profit of $1.97 million. He initially used $7.3 million in margin to short BTC, with James as his counterparty. During this period, his position was continuously reduced to less than $1 million due to the rising market. On June 13, the address covered his position at a cost of 107,766 USDT. Subsequently, BTC continued to pull back and eventually reversed to a profit. So far, the whale has accumulated a profit of $26 million through 3 addresses in Hyperliquid transactions.