Trader 0x916E has deposited an additional $5 million USDC into the Hyperliquid platform to intensify his short positions on Bitcoin and Ethereum. The trader is maintaining a short position on Bitcoin with a liquidation price set at $106,833.78. Additionally, he has opened a 25x leveraged short on Ethereum, with a liquidation threshold of $2,523.96. This move indicates a strong bearish outlook on these major cryptocurrencies.