A whale took a short position during Binance FUD rumors, now the largest bear on the BNB Hyperliquid platform

BlockBeats News, February 5th, according to HyperInsight monitoring, a whale with an address starting with 0xf2e currently holds a short position of about $3.7 million in BNB on Hyperliquid, with an average price of $753, a floating profit of about $310,000 (+42%), a liquidation price of $902, and is now the largest short position on the platform for BNB.

During the FUD rumors against Binance on February 2nd, this address withdrew about $1.12 million from a Binance wallet and deposited it into the Hyperliquid platform. Subsequently, it opened a short position with 5x leverage, marking its first trade on the platform.