“Hyperliquid 50x Insider Whale” closed its BTC short position in the early morning and made a profit of $1.97 million

Odaily Planet Daily News According to @EmberCN monitoring, the "Hyperliquid 50x Insider Whale" closed its short position at 1 a.m. today when BTC fell below $100,000, making a profit of $1.97 million. It initially used $7.3 million in margin to short BTC, with James as its counterparty. During this period, its position was continuously reduced to less than $1 million due to the rising market. On June 13, the address covered its position at a cost of 107,766 USDT. Subsequently, BTC continued to pull back and eventually reversed to a profit. So far, the whale has accumulated a profit of $26 million through 3 addresses in Hyperliquid transactions.