"Insider Whale" redeemed 10 million USDC from Maker and transferred it to Hyperliquid to open a short order valued at 232 million USD.

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PANews July 12 news, according to on-chain analyst Yu Jin's monitoring, the "insider whale" shorted BTC and ETH with $16.28 million in funds over half a month, and the position was completely liquidated yesterday, losing $16.27 million. He just redeemed $10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting. Currently, a short position valued at 232 million USD has been opened: 40x shorting 1273 BTC, worth 150 million USD, opening price 117828 USD, liquidation price 122789 USD; 25x Short 27,700 ETH, worth 82.42 million USD, opening price 2,966 USD, liquidation price 3,196 USD.

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