Blockchain tracker Lookonchain said Bitcoin fell below $84,000, and that just before the drop, four newly created wallets deposited a combined 1 million USDC into Hyperliquid to open 40x leveraged short positions on BTC. In total, the four wallets shorted 148.49 BTC, with the position valued at $12.5 million based on the figures cited in the post. The activity was highlighted as occurring ahead of the market move, tying the timing of the deposits and short setup to Bitcoin’s break below the $84,000 mark. The source material did not disclose additional wallet identities or further trading details beyond the deposits, leverage level, position size, and quoted value.
According to Lookonchain, Bitcoin fell below $84,000. Just before the market moved lower, four newly created wallets deposited a combined 1 million USDC into Hyperliquid and opened 40x leveraged short positions, shorting a total of 148.49 BTC valued at $12.5 million.
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