TechFlow news, on July 12, according to analyst Yu Jin, "insider bro" @qwatio had previously shorted BTC and ETH with $16.28 million over the past half month, but was fully liquidated yesterday, incurring a loss of $16.27 million. Subsequently, he redeemed 10 million USDC from Maker and transferred it to Hyperliquid, opening new short positions worth $232 million, including shorting 1,273 BTC with 40x leverage (worth $150 million, entry price at $117,828, liquidation price at $122,789) and shorting 27,700 ETH with 25x leverage (worth $82.42 million, entry price at $2,966, liquidation price at $3,196).
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