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"Insider Whale" transferred 668,000 USDC to GMX to open a 95x leverage Bitcoin short order.
Odaily News According to on-chain analyst Yu Jin's monitoring, the "insider Whale" has just finished his shorting on Hyperliquid: he completely closed his XRP short order on Hyperliquid. This time he returned to the scene and reaped failure: 5 days ago he transferred 4.22 million USDC into Hyperliquid to start shorting, and after closing all positions today, he only has $668,000 USDC left, losing $355 million. Do you think he has admitted defeat? No, he changed casinos to continue playing: he withdrew the remaining 668,000 USDC after closing Hyperliquid and transferred it to GMX, then shorted BTC worth $5989 million with a leverage of up to 95x... opening price $114560, liquidation price $115131. This... just a slight fluctuation and he could be taken away...