According to previous reports from Zombit, the Hyperliquid high-leverage whale slowly closed its short positions through TWAP orders yesterday. Just as the market believed it was about to reverse, this whale chose to terminate the TWAP orders after closing 500 Bitcoin short positions and instead increased its position by shorting Bitcoin with 40 times leverage.
According to on-chain analyst Yu Jin, this position is the largest he has ever opened, amounting to as much as 520 million USD. Yu Jin pointed out: “He transferred a total of 16.75 million USDC into Hyperliquid as collateral for this position. This is all the funds in his address (a principal of several million U plus over 10 million U in profits from the last month).”
Data from Hyperscan indicates that the average cost of his short positions is approximately 83,898 USD, with a liquidation price of 85,561 USD. At the time of writing, the unrealized profit is about 3.92 million USD.
