The address that shorted 30,000 ETH at 50x on Hyperliquid is used by Resolv for executing short hedges, rather than being a whale.

Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, the address 0x20c...4f5, which recently attracted attention for shorting 30,000 ETH (110 million USD) at 50x on Hyperliquid, should be the delta neutral strategy short hedge position of Resolv Labs, and not a whale. The 0x20c...4f5 address has had multiple transfers with Resolv's contract address 0xacB...b8e, and they share the same Binance deposit address. Additionally, according to Resolv's introductory documentation, they hedge by shorting ETH through perpetual contracts to implement the delta neutral strategy. Therefore, the 0x20c...4f5 address should be the address Resolv uses to execute short hedges, rather than belonging to a whale.