Hyperliquid 50x whale has currently shorted BTC, this position is its largest ever, with a total value of up to 520 million. It has shorted 6,210 BTC (worth 520 million USD) with 40x leverage, at a cost price of 83,898 USD, and a liquidation price of 85,561 USD.
With such a large position from the insiders and a liquidation price so low, should we wait for a sharp drop?