According to on-chain analyst Yu Jin, an "insider whale" has just concluded his short position on Hyperliquid, closing all of his XRP short positions. His return has been met with failure: five days ago, he transferred 4.22 million USDC to Hyperliquid to begin his short position. After closing all his positions today, he was left with only $668,000 USDC, a loss of $3.55 million. Did you think he'd given up? No, he's moved on: he withdrew the remaining 668,000 USDC from his Hyperliquid position and transferred it to GMX. With a whopping 95x leverage, he shorted $59.89 million worth of BTC... The opening price was $114,560, and the liquidation price was $115,131. This... even the slightest fluctuation would have wiped him out...