According to ChainCatcher, based on MLM monitoring, the "1011 Insider Whale" (suspected to be Garret Jin) deposited 20,000,000 USDC into Hyperliquid to open long positions in BTC and ETH. It is reported that he established long positions immediately through two large market orders: 150 BTC (approximately 15.8 million USD) and 5,000 ETH (approximately 17.9 million USD).