PANews reported on July 12, according to on-chain analyst Yu Jin's monitoring, the 'insider whale' used $16.28 million in funds to short BTC and ETH over the past two weeks, with the position being fully liquidated yesterday, resulting in a loss of $16.27 million. Just now, he redeemed $10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting.
Currently opened a short position worth $232 million:
40x short 1273 BTC, worth $150 million, opening price $117,828, liquidation price $122,789;
25x short 27,700 ETH, worth $82.42 million, opening price $2,966, liquidation price $3,196.
