CoinWorld reported on July 12 that on-chain analyst Yu Jin monitored that the 'Insider Whale' shorted BTC and ETH with a capital of $16.28 million over the past half month, and the position was completely liquidated yesterday, resulting in a loss of $16.27 million. He just redeemed $10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting.

Currently, a short position worth $232 million has been established:

40x short 1273 BTC, valued at $150 million, opening price $117,828, liquidation price $122,789;

25x short 27,700 ETH, valued at $82.42 million, opening price $2,966, liquidation price $3,196.