According to on-chain analyst Yu Jin's monitoring, the address 0x20c...4f5, which recently attracted everyone's attention for shorting 30,000 ETH (110 million USD) with 50x leverage on Hyperliquid, should belong to Resolv Labs' delta neutral strategy short hedge position, 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 introductory document, they short ETH through perpetual contracts for hedging, achieving a delta neutral strategy.
Therefore, the address 0x20c...4f5 should be used by Resolv for executing short hedges, rather than belonging to a whale.