「Sell-off of 1351 ETH」 Whale Engages in Large-scale BTC Short, Short Position Reaches $50.6 million

BlockBeats News, April 24, according to Hyperinsight monitoring, in the past half hour, a whale starting with 0x310 opened a 16x leveraged short position on BTC, with a scale of 653 coins, worth approximately $50.6 million, an average price of $77,470, a liquidation price of $81,308, and is now the 2nd largest BTC holding address on the Hyperliquid platform.

It is reported that about ten days ago, this new address and its on-chain associated addresses withdrew a total of 1351 ETH from the HitBTC exchange, which was then sold on Hyperliquid, cashing out approximately $3.18 million. After multiple rounds of position building, the accumulated profit as of today is $720,000.

Address: 0x3109eb59201623fe283d1b110b054e52222f6183