Hyperliquid Whale Suspected of Coordinated Liquidation through Three Addresses, $62 million BTC Long Squeeze

BlockBeats News, May 8th, according to Hyperinsight monitoring, in the past half hour, three large BTC long addresses on Hyperliquid simultaneously closed their positions, creating a total of 776 BTC sell orders, valued at approximately $62 million. The average closing price was around $79,880, and this exit was close to break-even.

It is reported that the source of funds for the three addresses can all be traced back to on-chain withdrawals from the HitBTC exchange, and the on-chain transfer records are highly synchronized with the trading behavior, indicating a suspected single whale.

Addresses: 0x56871b0ab45d02dd1a29fbee0e6408ccd6e6fd49

Address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3

Address: 0x3109eb59201623fe283d1b110b054e52222f6183