According to @lookonchain, trader 1011short fully closed all BTC shorts on Hyperliquid, realizing over $197M in profits across two wallets. Source: Lookonchain on X; Hyperdash trader dashboards. Right after, 89M USDC was deposited to Binance by the same entity. Source: Lookonchain on X; Arkham Intelligence address explorer. Shortly afterward, Binance BTC open interest increased by about $510M. Source: Lookonchain on X.