CoinVoice has recently learned that on-chain analyst Yu Jin monitored that the address 0x20c...4f5 shorted 30,000 ETH (worth $110 million) with 50x leverage on Hyperliquid, which should be a delta-neutral short hedge position of Resolv Labs, rather than that of a whale.
0x20c...4f5 address and Resolv's 0xacB...b8e contract address have conducted multiple transfers between each other and share the same Binance deposit address. Additionally, according to Resolv's documentation, they use perpetual contracts to short ETH as a hedge, implementing a delta-neutral strategy.
Therefore, the address 0x20c...4f5 should be the one used by Resolv to execute short hedges, rather than that of a whale. [Original link]