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TechFlow, on August 7, according to analyst Yu Jin's monitoring, "insider trader" qwatio stopped out and closed all his BTC short positions on Hyperliquid following the cryptocurrency rally triggered by Trump's signing of an executive order, incurring a loss of approximately $2.51 million in principal. Subsequently, he transferred his remaining $475,000 principal from Hyperliquid to GMX to short ETH at $3,809, with a liquidation price at $3,854.
According to analyst Yu Jin's monitoring, after the cryptocurrency rally triggered by Trump's upcoming executive order signing, insider trader "qwatio" stopped out and closed all his BTC short positions on Hyperliquid, suffering a loss of approximately $2.51 million in principal. Subsequently, he transferred his remaining $475,000 principal from Hyperliquid to GMX, opening a short position on ETH at a price of $3,809, with a liquidation price at $3,854.
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