PANews reported on March 18 that according to monitoring by Ember, a whale using 50x leverage to short on the Hyperliquid platform closed 6,210 BTC short orders (worth $520 million) within 10 minutes, pushing the BTC price from $82,400 to $83,200. In this 4-day transaction, the trader made a profit of $4.73 million with a margin of $17.15 million.

After closing the position, he allocated the funds to buy 3,202 ETH (US$6.1 million), 1,039 PAXG (US$3.1 million), and deposited US$12.5 million into Maker. It is reported that the trader usually transfers part of the funds into ETH and PAXG after closing the position, and deposits the rest into Maker, waiting for the next trading opportunity.