According to on-chain analyst Ember monitoring, "Hyperliquid 50x giant whale" has been taking profits through the TWAP strategy position squaring BTC short orders. Currently, 108 BTC short orders have been closed in the past hour and a half. There are currently 5,500 BTC short orders, worth $455 million. PS: TWAP (Time Weighted Average Price) strategy is to divide large trade orders into several small orders and execute them at fixed time intervals, thereby reducing the impact of large orders on market conditions and making the average transaction price closer to the actual market price.