Data: A certain whale added 1 million USDC margin to Hyperliquid to short the ETH/BTC exchange rate

Recently, according to on-chain analyst Ai Yi (@ai_9684xtpa), it was monitored that the address 0x89B…A7358 added a margin of 1 million USDC to Hyperliquid 4 hours ago. Currently, this address holds a long position of 218 Bitcoin (approximately $19.17 million) and a short position of 5,294.36 Ethereum (approximately $15.6 million), forming a bearish position on the ETH/BTC exchange rate.

Data shows that the current ETH/BTC exchange rate is 0.03358, which has fallen over 22% from its peak of 0.04328.