A newly created address, 0xc2a…4E5f2, has opened a significant Bitcoin short position valued at $140 million. The address deposited 10 million USDC into Hyperliquid 50 minutes ago and initiated a 5x leveraged short position, holding 1,240 BTC at an entry price of $112,598 and a liquidation price of $137,695.1. This address, created just three days ago, withdrew the margin from another source 10 hours prior. Additionally, it holds $21.98 million in ETH transferred from Hyperunit, suggesting trading patterns similar to a known Bitcoin whale.
New Address Opens $140 Million Bitcoin Short Position
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