A newly created wallet deposited $5 million in USDC into Hyperliquid and opened leveraged short positions against Bitcoin and Ether. The trader entered a 20x short on 8,155 ETH valued at $20.33 million and 247.6 BTC valued at $19.49 million.
The positions indicate a high-conviction bearish bet on the two largest cryptocurrencies using significant leverage on the decentralized derivatives platform.
New Wallet Deposits $5M USDC to Hyperliquid, Opens 20x BTC and ETH Shorts
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