[Whale Transfers 668,000 USDC to GMX to Open 95x Leveraged BTC Short Position] On-chain analysis reveals that a user known as the 'Insider Whale' transferred the remaining 668,000 USDC to GMX after closing positions on the Hyperliquid platform, opening a $59.89 million Bitcoin short position with 95x leverage. The entry price for the short position is $114,560, with a liquidation price of $115,131, indicating extremely high risk. Previously, this user closed a $3.55 million loss on an XRP short position on Hyperliquid.