On-chain analytics platform Lookonchain said four newly created wallets deposited about 1 million USDC into decentralized derivatives exchange Hyperliquid shortly before Bitcoin fell below $84,000 earlier today. The wallets then opened a 40x leveraged short position on 148.49 BTC, with a notional value of about $12.5 million. The item was published by Techub News and cited Wu Blockchain as the source attribution in the brief. No additional details on the wallet owners or the timing beyond the move occurring shortly before the price break were disclosed in the source text.
According to Techub News, citing monitoring by on-chain analytics platform Lookonchain, four newly created wallets deposited about 1 million USDC into decentralized derivatives exchange Hyperliquid shortly before Bitcoin fell below $84,000 earlier today.
The wallets then used 40x leverage to open short positions on 148.49 BTC, with a notional value of about $12.5 million.
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