「Insider Trader」 Closes $2.51M Loss on BTC Short, Turns to Short ETH

BlockBeats News, August 7th, according to Ember Monitor, the "Insider Trader" @qwatio liquidated all his BTC short position on Hyperliquid at a loss of $2.51 million after President Trump signed an executive order that caused a rally.

He then transferred the remaining $475,000 of his initial capital from Hyperliquid to GMX to short ETH. He opened a short position for a nominal value of $26.36 million in ETH at an average price of $3,809, with a liquidation price of $3,854.