Data: A certain whale has withdrawn 23.46 million USDC from Binance over nearly 27 hours and transferred it to Hyperliquid, shorting HYPE with 5x leverage

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that the whale 0x20b has withdrawn a total of 23.46 million USDC from Binance to Hyperliquid in the past 27 hours. Then, it shorted 187.5 HYPE with 5x leverage, with a position value of 45.77 million dollars.

The average opening price is 20.4 dollars, and the liquidation price is at 30 dollars. Currently, the loss has reached 7.43 million dollars (-32%).