PANews reported on October 5th that according to on-chain analyst Yu Jin, a whale liquidated its ETH position at $4,221 two weeks ago for a profit of $11.6 million. Following the market rally, the whale opened a $137 million short position on Hyperliquid over the past two days, currently facing a $4 million loss.

• The whale bought 6,037 ETH spot at $2,299 after closing its short position in June.
• On September 22, he liquidated the ETH purchased in June at a price of $4,221, making a profit of $11.6 million.
• After selling ETH, the market continued to rise. The whale shorted $137 million worth of BTC and ETH on Hyperliquid in the past two days, and currently has a floating loss of $4 million.
• 40x short 800 BTC, valued at $100 million, with an opening price of $120,892 and a liquidation price of $129,848;
• 20x short 8,000 ETH, worth $37 million, opening price $4,502, liquidation price $5,109.