Golden Finance reported that according to on-chain analyst Ember Monitoring, the 0x20c...4f5 address that has recently attracted everyone's attention and shorted 30,000 ETH (approximately 110 million U.S. dollars) 50 times on Hyperliquid should be the delta of @ResolvLabs Sexual strategy short hedging position, not a whale. There have been multiple transfers between the 0x20c...4f5 address and Resolv's 0xacB...b8e contract address, and they share the same Binance deposit address. In addition, according to Resolv’s introductory document, they use perpetual contracts to short ETH hedging to achieve a delta neutral strategy. Therefore, the 0x20c...4f5 address should be the address used by Resolv to perform short hedging, not a whale.