PANews reported on March 17 that according to on-chain analyst Yu Jin’s monitoring, “Hyperliquid 50x Whale” has been closing BTC short positions to take profits through the TWAP strategy. Currently, 108 BTC short positions have been closed in the past hour and a half. Currently, 5,500 BTC short positions are still held, worth $455 million.

PS: The TWAP (time-weighted average price) strategy is to split large transaction orders into several small orders and execute them at fixed time intervals, thereby reducing the impact of large orders on market conditions and making the average transaction price closer to the actual market price.