Opening a HYPE short order and reducing spot holdings at the address of the giant whale

According to Onchain Lens, in the past 2 hours, a giant whale has opened 218406 HYPE 10 times leveraged short positions with a nominal value of approximately $11.16 million and a strong parity of $60.9. At the same time, the address sold 64401 HYPE for approximately 3.08 million USDC.