PANews reported on January 5th that on-chain analyst Yujin monitored that the 0x20c...4f5 address on Hyperliquid shorted 30,000 ETH (USD 110 million) at 50x. It should be the short hedge position of Resolv Labs' delta-neutral strategy, rather than a whale. The 0x20c...4f5 address has multiple transfers with Resolv's 0xacB...b8e contract address, and they share the same Binance deposit address. In addition, according to Resolv's introduction document, they use perpetual contracts to short ETH to hedge and achieve a delta-neutral strategy. So the 0x20c...4f5 address should be the address used by Resolv to execute the short hedge, rather than a whale.
