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'Insider Whale' Transfers 668,000 USDC to GMX to Open 95x Leveraged Bitcoin Short Position

Summary: According to Bitpush News, as monitored by on-chain analyst Yu Jin, the 'insider whale' has just closed his short position on Hyperliquid: liquidating all his XRP shorts on Hyperliquid. Five days ago, he transferred 4.22 million USDC to Hyperliquid to start shorting, and after closing all positions today, he only has 668,000 USDC left, losing ...

According to Bitpush News, as monitored by on-chain analyst Yu Jin, the 'insider whale' has just closed his short position on Hyperliquid: liquidating all his XRP shorts on Hyperliquid. Five days ago, he transferred 4.22 million USDC to Hyperliquid to start shorting, and after closing all positions today, he only has 668,000 USDC left, losing 3.55 million USD. He withdrew the remaining 668,000 USDC after closing on Hyperliquid and transferred it to GMX, then opened a 95x leveraged short position worth 59.89 million USD in BTC, with an entry price of 114,560 USD and a liquidation price of 115,131 USD.

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Link: 'Insider Whale' Transfers 668,000 USDC to GMX to Open 95x Leveraged Bitcoin Short Position [Copy]

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