PANews reported on May 12 that according to on-chain analyst Yu Jin, the market decline just now has enabled "Hyperliquid 50x Brother" to successfully turn his high-leverage BTC short position from loss to profit and close the position quickly. He opened a short position of 1414.14 BTC (total value of about 146 million US dollars) at an average price of $104,319, and closed all positions when BTC fell to $103,478, making a profit of about $1.188 million.
The short position of "Hyperliquid 50x Address" reversed and made a profit of 1.18 million US dollars, and the position was quickly closed to lock in the profit
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