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

GMX3,11%
BTC-3,8%
XRP-1,7%

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…

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

Bitcoin Volatility Spikes as Investors Reassess Risk and Explore Bitcoin Everlight

During the final week of January, Bitcoin saw renewed volatility, which accelerated as positioning started shifting. The cryptocurrency has traded between $86,000 and $93,000 after retracing from its October 2025 peak near $126,000. While macro, as well as political uncertainty, has undoubtedly d

CryptoPotato56m ago

Base58 Labs’ BASIS 2026 Blueprint Forges a New Standard for BTC, ETH, SOL & PAXG

[PRESS RELEASE – London, UK, March 17th, 2026] New roadmap positions BASIS as an institutional-grade digital asset management platform built for macro volatility, tokenized safe-haven demand, and frictionless Web3 onboarding. Base58 Labs today unveiled the BASIS 2026 Technical Blueprint &

CryptoPotato57m ago

From Bitcoin Miners to Payment Layers: Why Infrastructure Conversations Are Turning to Bitcoin Everlight

It’s no secret that bitcoin’s infrastructure has historically been centered around miners, full nodes, and base-layer settlement. This model has managed to prove itself as very durable. At the same time, though, when it comes to transactional throughput, there are some clear constraints. As the

CryptoPotato1h 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