On August 7, according to Yuji monitoring, the "insider trader" @qwatio closed out all BTC short positions on Hyperliquid after the price increase triggered by Trump's executive order, suffering a loss of $2.51 million.
He then transferred the remaining $475,000 principal to GMX to short ETH, opening a short position with a notional value of $26.36 million at an average price of $3,809, with a liquidation price of $3,854.




