"Hyperliquid 50x Insider Whale" Closed BTC Short Position Early Morning, Profiting $1.97 Million

Odaily Planet Daily reported that, according to monitoring by @EmberCN, the "Hyperliquid 50x Insider Whale" closed a short position at 1 a.m. today when BTC fell below $100,000, earning a profit of $1.97 million. The whale initially used $7.3 million in margin to short BTC, with James as the counterparty. During the period, due to a market rally, the position was continuously reduced to less than $1 million. On June 13, this address added to its position at a cost of 107,766 USDT. Subsequently, as BTC continued to pull back, the whale successfully reversed the trade and made a profit. As of now, this whale has accumulated a total profit of $26 million from trading on Hyperliquid through three addresses.