ChainCatcher message, recently, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, address 0x89B…A7358 added 1 million USDC margin to Hyperliquid 4 hours ago. Currently, this address has a long position of 218 bitcoins (approximately 19.17 million USD) and a short position of 5,294.36 ethereums (approximately 15.6 million USD), forming a bearish position on the ETH/BTC exchange rate.

Data shows that the current ETH/BTC exchange rate is 0.03358, which has dropped over 22% from the peak of 0.04328.