TechFlow reports that on March 18, according to on-chain analyst EmberCN (@EmberCN), the "Hyperliquid 50x whale" has currently gone fully short on Bitcoin, opening a $520 million short position.
The trader used 40x leverage to short 6,210 BTC at a cost basis of $83,898, with a liquidation price of $85,561. The trader deposited a total of 16.75 million USDC as margin—the entire balance in their address—including several million dollars in principal and over ten million dollars in profits accumulated over the past month.
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