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Post #1431 9.01K
Mlm onchain Garret Bullish withdrew 35K ETH ($86M) from Binance and deposited it into Hyperliquid. Meanwhile, he remains short 37.8K ZEC ($52M), with an unrealized loss of $26.6M. https://hypurrscan.io/address/0x92ea19eceb7a8de0f50978a1583a5d8b018050e9
He just sold all 35K ETH ($87.5M) within 20 minutes through a limit sell order at $2,500, creating a $20 price difference between Hyperliquid’s spot and perp prices.

Selling the ETH for USDC increased the margin backing his ZEC short, raising its liquidation price to $4,738.

https://hypurrscan.io/address/0x92ea19eceb7a8de0f50978a1583a5d8b018050e9
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