Hyperliquid Whale Suspected of Coordinated Liquidation through Three Addresses, $62 million BTC Long Squeeze

On May 8th, HyperInsight monitoring data reveals that within the past half hour, three addresses holding large BTC long positions on Hyperliquid simultaneously closed their positions. Collectively, they placed 776 BTC sell orders valued at approximately $62 million. The average closing price was around $79,880, and the exit was near break-even. Funds for these three addresses trace back to on-chain withdrawals from HitBTC exchange. On-chain transfer records are highly synchronized with their trading activity, suggesting the addresses may be controlled by a single whale. Addresses: - 0x56871b0ab45d02dd1a29fbee0e6408ccd6e6fd49 - 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3 - 0x3109eb59201623fe283d1b110b054e52222f6183