There is an entity which opened a $440M BTC short position on Hyperliquid a few minutes ago
This is the same entity that was in the news for swapping billions of dollars to ETH on Hyperliquid a few weeks back. Although they are $440M short, they still own $5.64B BTC

They are 6x short and up $6M on their position.
Previously, I tracked this account to a Chinese entity

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