According to monitoring data from Lookonchain, four newly created wallets deposited 1 million USDC into Hyperliquid before the market moved lower. The wallets then opened short positions on 148.49 BTC using 40x leverage, with a notional value of $12.5 million. After those trades were placed, Bitcoin fell below $84,000. The report did not disclose further details about the wallet owners or whether the positions remained open at the time of publication. The move drew attention because the wallets were newly created and the positions were opened ahead of a break below the $84,000 level.
According to Lookonchain, four newly created wallets deposited 1 million USDC into Hyperliquid before the market declined.
The wallets then opened short positions on 148.49 BTC with 40x leverage, representing a notional value of $12.5 million.
Bitcoin later fell below $84,000.
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