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"Insider trader" closed a short order on BTC with a loss of 2.51 million dollars and turned to shorting ETH.
On August 7, according to Yu Jin monitoring, "insider trader" @qwatio closed all BTC short orders on Hyperliquid after the rise triggered by Trump signing the executive order, incurring a loss of 2.51 million USD. He transferred the remaining 475,000 USD principal from Hyperliquid to GMX to short ETH, opening a short position with a notional value of 26.36 million USD at an average price of 3,809 USD, with a liquidation price of 3,854 USD.