TechFlow reports on March 17 that according to on-chain analyst EmberCN (@EmberCN), a "Hyperliquid 50x whale" is closing out BTC short positions for profit using a Time-Weighted Average Price (TWAP) strategy.
The trader has already closed 108 BTC short positions in the past one and a half hours and still holds 5,500 BTC in short positions, worth approximately $455 million.
It is understood that the TWAP (Time-Weighted Average Price) strategy involves splitting large orders into several smaller ones executed at fixed time intervals, reducing the impact of large trades on market prices and enabling the average execution price to more closely track the actual market price.
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