Data: "Insider whale" once again short BTC and ETH, with a position of $232 million

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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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