The whale who sold 255 $BTC on #HyperLiquid to go short has completely closed its $BTC, $ETH, and $SOL short positions, making an overall profit of over $3.96M.
https://hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814…

The whale who sold 255 $BTC to open short positions has further increased its positions in $BTC (10x), $ETH (15x), and $SOL (20x).
The combined position is currently valued at $243M:
- 1,899 $BTC ($168M)
- 18,527.5298 $ETH ($56M)
- 151,209.08 $SOL ($19M)  x.com/18007057847893…

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This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...