Four newly created wallets deposited approximately 1 million USDC into Hyperliquid and opened short positions on 148.49 BTC with 40x leverage shortly before Bitcoin fell below $84,000 this morning. The combined notional value of the positions totaled roughly $12.5 million. On-chain monitoring by Lookonchain flagged the coordinated activity as suspected insider trading, given the precise timing immediately preceding the price decline. The wallets were created specifically for this trade, raising questions about potential advance knowledge of the downward movement.