According to ChainCatcher, on-chain analyst Yu Jin monitors that the "insider trader" @qwatio redeemed 10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting.
Currently, they have opened short positions worth $232 million:
- 40x short 1,273 BTC, valued at $150 million, with an entry price of $117,828 and a liquidation price of $122,789;
- 25x short 27,700 ETH, valued at $82.42 million, with an entry price of $2,966 and a liquidation price of $3,196.




