PANews, March 18 news, according to on-chain analyst Yujin's monitoring, the "Hyperliquid 50x whale" has currently taken a cross margin short position on BTC, and this position is the largest in its history, with a total value of $520 million. It has shorted 6,210 BTC (worth $520 million) with a 40x leverage, with a cost price of $83,898 and a liquidation price of $85,561.

For this, he transferred $16.75 million USDC to the Hyperliquid account as margin, which is all the funds in his address (including several million in principal + tens of millions of USDC in profits over the past month).

Previously, he had closed about 500 BTC short positions through a TWAP strategy, and then stopped operating. At the same time, his small long positions in MELANIA and HYPE have all been closed, with a slight loss. Subsequently, he re-added BTC short positions.