Recently, a huge 50x short position on ETH was taken on Hyperliquid by Resolv Labs for hedging purposes
According to on-chain analyst Yujing's monitoring, the address 0x20c...4f5 that recently attracted everyone's attention and shorted 30,000 ETH (approximately $110 million) by 50 times on Hyperliquid should be @ResolvLabs' delta neutral strategy short hedge position, not a certain whale. The address 0x20c...4f5 has multiple transfers with Resolv's contract address 0xacB...b8e and they share the same Binance deposit address. Also according to Resolv's introduction document, they use perpetual contracts to short ETH for hedging to achieve a delta neutral strategy. Therefore, the address 0x20c...4f5 should be used by Resolv for executing short hedges rather than being a certain whale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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