Data: Insider whale transfers 668,000 USDC to GMX to open a 95x leveraged Bitcoin short position

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the "insider whale" has just closed his short position on Hyperliquid: he has completely closed his XRP short position on Hyperliquid. He started shorting with 4.22 million USDC transferred to Hyperliquid 5 days ago, and after closing all positions today, he is left with only 668,000 USDC, incurring a loss of 3.55 million dollars.

After closing his position on Hyperliquid, he withdrew the remaining 668,000 USDC and transferred it to GMX, where he shorted BTC worth 59.89 million dollars with leverage of up to 95 times, opening at a price of 114,560 dollars and a liquidation price of 115,131 dollars.