ChainCatcher report, according to Lookonchain monitoring, a newly created wallet deposited 5 million USDC into Hyperliquid and opened short positions of 8,155 ETH ($20.33 million) and 247.6 BTC ($19.49 million) with 20x leverage.
New wallet deposits 5M USDC on Hyperliquid to short 8,155 ETH and 247.6 BTC
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Summary
A new wallet deposited 5 million USDC on Hyperliquid and opened short positions of 8,155 ETH and 247.6 BTC using 20x leverage, according to Lookonchain. The positions are near key support and resistance levels, with a risk-to-reward ratio indicating aggressive positioning. This move underscores active trading strategies amid evolving market conditions.
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