Recently drawing everyone's attention, the address 0x20c...4f5 shorted 30,000 ETH ($110M) at 50x on Hyperliquid, which should be the delta neutral strategy short hedge position of Resolv Labs, rather than a whale.

The address 0x20c...4f5 has had multiple transfers with Resolv's contract address 0xacB...b8e (Figure 1), and they share the same Binance deposit address.

Additionally, according to Resolv's documentation, they hedge by shorting ETH through perpetual contracts to implement a delta neutral strategy (Figure 2).

Therefore, the address 0x20c...4f5 should be the address used by Resolv to execute the short hedge, rather than a whale.

Hyperliquid short position (Figure 3): 0x20c2d95a3dfdca9e9ad12794d5fa6fad99da44f5

Resolv contract address: 0xacb7027f271b03b502d65feba617a0d817d62b8e