Infamous Trader Closes $520 Million Bitcoin Short Position: A Closer Look
An infamous hyperliquid leverage trader recently closed a staggering $520 million short position on Bitcoin, securing a profit of 9.4 million dollars. Onchain investigator ZachXBT has labeled the trader a cybercriminal due to the methods employed in leveraging their position. The implications of this trade raise questions about market manipulation and ethical trading practices within the cryptocurrency community. Investors should always remain cautious about the risks involved with leverage trading and its potential repercussions on market stability.