Data: "Sold 1351 ETH" whales massively short BTC, with a short position size reaching 50.6 million USD

According to monitoring by Hyperinsight, in the past half hour, a whale starting with 0x310 opened a 16x leveraged BTC short position, totaling 653 BTC, valued at approximately 50.6 million USD, with an average price of 77,470 USD and a liquidation price of 81,308 USD. This address is currently the TOP 2 BTC holding address on the Hyperliquid platform.

It is reported that about ten days ago, this new address and its on-chain associated addresses withdrew a total of 1,351 ETH in spot from the HitBTC trading platform, which were then all sold on Hyperliquid, cashing out approximately 3.18 million USD. After multiple positions were established, as of today, a total profit of 720,000 USD has been accumulated.