Hyperliquid giant whale once again chooses an aggressive strategy, going all-in short on BTC with a position as high as $520 million. According to Yu Jin monitoring, this is his largest single position ever - shorting 6,210 BTC with 40x leverage, at a cost of $83,898, with a liquidation price of $85,561. To support this position, he additionally transferred $16.75 million USDC as margin, almost putting all account funds into it.
Previously, he had gradually closed about 500 BTC short positions through TWAP and paused operations, while also liquidating small long positions in MELANIA and HYPE, incurring slight losses. But after a brief adjustment, he reaffirmed his bearish outlook on the market and quickly increased his BTC short position.
Currently, this high-leverage position has drawn widespread attention from the market. Is it a precise judgment or a risky move? Amidst increased market volatility, this game is still ongoing.
