CoinVoice has recently learned that on-chain analyst Yu Jin monitored the address 0x20c...4f5 shorting 30,000 ETH (110 million USD) at 50x on Hyperliquid, which is likely a delta neutral strategy short hedge position from Resolv Labs, rather than a whale.
The address 0x20c...4f5 has had multiple transfers with Resolv's contract address 0xacB...b8e, and they share the same Binance deposit address. Additionally, according to Resolv's documentation, they use perpetual contracts to short ETH for hedging, achieving a delta neutral strategy.
Therefore, the address 0x20c...4f5 should be used by Resolv to execute short hedges, rather than being associated with a whale. [Original link]