According to EmberCN, the recent activity of shorting 30,000 ETH ($110 million) at 50x leverage on Hyperliquid by the address 0x20c...4f5 is likely part of ResolvLabs' delta neutral strategy for a short hedge, rather than a move by a whale. The address 0x20c...4f5 has had multiple transactions with Resolv's contract address 0xacB...b8e and shares the same deposit address on Binance.