Odaily Planet Daily reports, according to Lookonchain monitoring, after creating a new wallet, a certain address deposited 5 million USDC into Hyperliquid, then shorted 8,155 ETH and 247.6 BTC with 20x leverage, with position values of $20.33 million and $19.49 million, respectively.
Deposit 5M USDC and short $39.82M in ETH and BTC with 20x leverage on Hyperliquid
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Summary
A wallet address deposited 5 million USDC on Hyperliquid and opened a 20x leveraged short position in ETH and BTC. The position consists of 8,155 ETH and 247.6 BTC, valued at $20.33 million and $19.49 million, respectively. Traders are closely monitoring key support and resistance levels as leverage trading activity increases.
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