The 'Hyperliquid 50x Whale' is suspected to be bullish on the ETH/BTC exchange rate on Hyperliquid

According to on chain analyst Yu Jin's monitoring, the current situation of "Hyperliquid 50x Whale" is: 2.3 million USDC margin has opened ETH 25x on Hyperliquid, more than BTC 40x empty; 1.5 million USDC margin opened over 26x ETH on GMX. In addition, according to on chain analyst @ ai_9684xtpa analysis, the above-mentioned whale is suspected to be bullish on the ETH/BTC exchange rate on Hyperliquid. Today, the ETH/BTC exchange rate briefly fell to 0.0228, hitting a new low since June 2020. This explanation seems to make sense, as the amounts of Hyperliquid ETH long orders and BTC short orders roughly match, while GMX unilaterally went long on ETH.