PANews reported on June 23 that according to monitoring by on-chain analyst Yu Jin, Hyperliquid "insider whale" @qwatio's BTC short position was closed at 1 a.m. with a profit of $1.97 million.
He initially used $7.3 million in margin to open a short BTC order with James, but his position was later reduced to less than $1 million due to liquidation. He finally added another position on June 13, with a position cost of $107,766. Since then, the BTC price has been falling back, and he closed his position at 1 a.m. today when the BTC price was below $100,000. He not only made back his losses, but also made an additional profit of $1.97 million.
He has made $26 million this year trading on Hyperliquid through three addresses.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

