TechFlow reports that on March 20, according to on-chain analyst EmberCN (@EmberCN), a "Hyperliquid 50x leverage whale" grew their position from 690,000 USDC to 1.826 million USDC—profiting 164% within three hours—by trading both long and short on BTC during the Fed's interest rate decision announcement.
In addition, after closing the short position, the address withdrew 1.666 million USDC back into its wallet, used it to purchase 815 ETH, and transferred them to its primary fund storage address (0x51d...921). The remaining 160,000 USDC stayed in Hyperliquid, where 46,000 USDC was used to open a small “ant-sized” 3x long JELLY position.
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