This person shorted $25M worth of Aster over the past 30 minutes on Hyperliquid, pushing funding down to -0.1667% (-1400% annualized). He keeps placing sell orders around 1.1841 to short millions more. Not sure what’s going on or if he’s just running a neutral book. Funding on Binance is flat.
https://hypurrscan.io/address/0x9eec98d048d06d9cd75318fffa3f3960e081daab
https://hypurrscan.io/address/0x9eec98d048d06d9cd75318fffa3f3960e081daab
Some really interesting answers from Cobie in this thread:
https://x.com/ZeMirch/status/1985204959789355035?t=EUDIm-Xix7wdPbOAJK1CuQ&s=19
https://x.com/ZeMirch/status/1985204959789355035?t=EUDIm-Xix7wdPbOAJK1CuQ&s=19