Hyperliquid's 50x leverage whale uses the TWAP strategy to close some of its BTC short positions

According to an analysis by Odaily Planet Daily, the Hyperliquid 50x leverage whale has begun to take profit on its BTC short positions through a TWAP strategy. Data shows that this trader has closed short positions of 108 BTC in the past hour and a half.

Currently, the whale still holds as many as 5500 BTC in short positions, with a total value of about $455 million.

The Time-Weighted Average Price (TWAP) strategy is a professional trading method that breaks down large orders into multiple small orders and executes them at fixed time intervals. This strategy can effectively reduce the impact of large orders on the market, making the average transaction price closer to the actual market price. It is commonly used by institutions and big players.