BlockBeats News, Oct. 9: According to Lookonchain, an address sold 262.78 ETH for approximately 643,000 USDC and deposited the funds into Hyperliquid.

About 40 minutes ago, the trader opened a 40x leveraged short position on BTC, with a position size of 305.51 BTC and a notional value of approximately $25.4 million. The entry price was $83,067.70, and the liquidation price was $84,086.03. The position is currently showing an unrealized profit of $17,000.