A well-known trader, referred to as the "1011 Flash Crash Insider," is reportedly transitioning from futures to spot holdings. Recent activity on the Hyperliquid platform shows the trader reducing their long positions significantly. They have sold 14,000 ETH, incurring a loss of $3.624 million, and 427.28 BTC, resulting in a $1.612 million loss. The trader's long positions now stand at $680 million, with an unrealized loss of $47.97 million. Further details on their spot holdings increase can be found in the referenced tweet.