50x leverage giant whale purchases $6.1 million ETH and $3.1 million PAXG, and deposits $12.5 million into Maker

According to the monitoring by Yu Jin, a giant whale that used 50 times leverage to short on the Hyperliquid platform closed 6210 BTC short positions (worth $520 million) within 10 minutes, pushing the BTC price from $82400 to $83200. In this 4-day transaction, the trader made a profit of 4.73 million US dollars with a margin of 17.15 million US dollars. After closing the position, he allocated the funds to purchase 3202 ETH (6.1 million US dollars), 1039 PAXG (3.1 million US dollars), and deposited 12.5 million US dollars into Maker. It is reported that the trader usually converts some of the funds into ETH and PAXG after closing the position, and deposits the rest into Maker, waiting for the next trading opportunity.