TechFlow reports that on February 20, analyst Eye—who previously uncovered the “1011 insider whale”—posted on X stating that on-chain data shows an address linked to Hashnote has become one of HyperLiquid’s most profitable addresses through aggressive short positions. This address currently uses approximately $5.9 million in margin, holds a total position size of roughly $11.3 million, and has accrued unrealized profits totaling $12.4 million. It maintains 13 open positions—all short—indicating a clearly bearish strategy amid current market conditions.
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