"Insider Whale" transferred 668,000 USDC to GMX to open a 95x leverage Bitcoin short order.

GMX-0.88%
BTC-0.86%
XRP-1.22%

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…

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

MICA Daily|Exchange liquidity dries up, BTC trend continues to weaken

The latest US CPI data released aligns with market expectations, but due to the impact of the Middle East situation, market reactions are muted. The US stock indices fluctuate, and BTC prices hover around $70,000. Although it appears stable in the short term, market sentiment remains pessimistic, and whether the price can stay above $70,000 in the future remains uncertain, mainly depending on the development of the Middle East situation. Meanwhile, Binance's net flow data shows that investors withdraw BTC during market downturns, but selling pressure still exists.

区块客Just Now

Nic Carter: The controversy over BIP-360 authorship is not important; focus should be on the quality of the proposal and quantum resistance goals

Castle Island Ventures Partner Nic Carter stated that the Bitcoin community should focus on the technical quality of the BIP-360 proposal rather than the author's identity. By eliminating the quantum vulnerability in Taproot addresses, it paves the way for Bitcoin's quantum resistance. As ECC risks become increasingly apparent, enhancing quantum resistance has become an important topic.

GateNews20m ago

Bitwise: Why is Bitcoin destined to reach one million dollars?

The author analyzes the potential of Bitcoin, believing it could reach $1,000,000 within the next ten years. By viewing Bitcoin as an emerging store of value asset and comparing it to the gold market, the article demonstrates the possibility of Bitcoin capturing a larger market share in the future. The author points out that the global store of value market is continuously expanding, and Bitcoin investments are gradually being accepted by institutions, but also warns of risks such as market stagnation and insufficient Bitcoin market share. Overall, the author maintains an optimistic outlook on Bitcoin's prospects.

PANews45m ago

Bitcoin spot ETF net inflow yesterday was $115 million, with BlackRock IBIT leading the charge.

On March 11, the total net inflow of Bitcoin spot ETFs reached $115 million, continuing for 3 days of net inflow. BlackRock ETF IBIT had the highest single-day net inflow at $115 million; Fidelity ETF FBTC had a net inflow of $15.3685 million. Grayscale ETF GBTC, on the other hand, experienced a net outflow of $15.9676 million. The current total net asset value of Bitcoin spot ETFs is $90.886 billion, with a total net inflow of $55.902 billion.

GateNews1h ago
Comment
0/400
DestinyGodOfWealthvip
· 2025-10-01 08:22
get liquidated
View OriginalReply0
GateUser-eb47e565vip
· 2025-10-01 08:01
Will he definitely be opening a short?
View OriginalReply0