比特幣價格有望在重新測試$ 76,500範圍之前達到110,000美元

根據亞瑟·海斯（Arthur Hayes）的說法，比特幣價格有望在重新測試76,500美元之前達到110,000美元

The decentralized finance (DeFi) market saw interesting developments this week, with a crypto whale performing a "perfect" exploit on Hyperliquid to generate over $6 million in profit on a memecoin short position.

分散的金融（DEFI）市場本週展現了有趣的發展，加密鯨魚對超流動性進行了“完美”的利用，以在Memecoin短期內產生超過600萬美元的利潤。

The unidentified whale, who is still holding nearly $2 million worth of the Jelly my Jelly (JELLY) token, managed to manipulate the price of the memecoin on the decentralized exchange.

這位身份不明的鯨魚仍在持有價值近200萬美元的果凍我的果凍（果凍）代幣，他設法操縱了分散式交易所中的成員的價格。

According to a postmortem report by blockchain intelligence firm Arkham, the whale opened three large trading positions within five minutes: two long positions, one for $2.15 million and another for $1.9 million, and a $4.1 million short position that effectively offset the longs.

根據區塊鏈情報公司阿卡姆（Arkham）的驗屍報告，鯨魚在五分鐘內開設了三個大型交易職位：兩個長位，一個是215萬美元，另一個是190萬美元的股份，另有410萬美元的短職位，有效地抵消了渴望。

When the price of JELLY rose by 400%, the $4 million short position wasn't immediately liquidated due to its size. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), which is designed to liquidate large positions.

當果凍的價格上漲400％時，由於其尺寸，$ 400萬美元的短職位沒有立即清算。取而代之的是，它被吸收到旨在清算大型位置的高流動性提供商庫（HLP）中。

The entity may still be holding nearly $2 million of the token's supply, according to blockchain investigator ZachXBT.

根據區塊鏈調查員Zachxbt的說法，該實體可能仍將持有近200萬美元的代幣供應。

"Five addresses linked to the entity who manipulated JELLY on Hyperliquid still hold ~10% of the JELLY supply on Solana ($1.9M+). All JELLY was purchased since March 22, 2025," he said on March 26.

他在3月26日說：“與操縱果凍的實體有關的五個地址仍然容納了約10％的果凍供應（190萬美元以上）。所有果凍都是自2025年3月22日以來購買的。”

According to the report, the HLP absorbed the bulk of the long positions, liquidating them at a loss, while the short position remained open and continued to accrue losses as the price went up.

根據該報告，HLP吸收了大部分長位置，以虧損清算，而短職位仍然開放，並且隨著價格上漲而繼續造成損失。

Ultimately, the short position was liquidated for a profit of $6.26 million, and the long positions were liquidated for a combined loss of $3.15 million.

最終，短期職位被清算，利潤為626萬美元，而長位置則被清算，總損失為315萬美元。

This exploitation of Hyperliquid's algorithms and liquidation parameters resulted in a net profit of over $3 million for the unidentified whale.

對超流動性算法和清算參數的這種開發導致該身份不明的鯨魚的淨利潤超過300萬美元。

"This is a perfect example of how DeFi protocols can be exploited when they are not programmed carefully enough to take into account potential abuse scenarios," the report concludes.

該報告總結說：“這是一個完美的例子，說明當不夠仔細地編程以考慮潛在的濫用情況時，如何利用它們可以利用它們。”

The exploitation sparked heated debate among industry members, with some highlighting the risks posed by this type of activity and others discussing the implications for the broader DeFi ecosystem.

剝削引發了行業成員之間激烈的辯論，其中一些活動突出了這種活動帶來的風險，而另一些活動則討論了對更廣泛的Defi生態系統的影響。

"A single whale managed to rack up $6+ million in profit by exploiting Hyperliquid's algorithms and liquidation parameters. This is a perfect example of how DeFi protocols can be exploited when they are not programmed carefully enough to take into account potential abuse scenarios," the report concludes.

報告結束時，一條鯨魚通過利用Hyperliquid的算法和清算參數來籌集600萬美元的利潤。這是一個完美的例子，說明當未足夠精心編程以考慮到潛在的濫用方案時，如何利用他們如何利用它們。 ”

The exploitation sparked heated debate among industry members, highlighting the risks posed by this type of activity and discussing the implications for the broader DeFi ecosystem.

剝削引發了行業成員之間的激烈辯論，強調了這種活動帶來的風險，並討論了對更廣泛的偏見生態系統的影響。