40x leverage leaves very little room for error. One sharp move in the wrong direction could get ugly fast.
A $25.4M BTC SHORT JUST APPEARED ON HYPERLIQUID!
Someone made a pretty aggressive move a few minutes ago. First, they swapped 262.78 $ETH for around $643K in USDC, then moved the funds into Hyperliquid and opened a massive 40x $BTC short.
The position is worth roughly $25.4 million, with liquidation sitting at $84,086.80.
Gambler taking a bold bet on another BTC drop… or something else going on? The wallet’s identity and motive are still unclear, so the “hacker” angle remains speculation.
Address: 0xf15d41724e10e3d64d2e292fb6fd5e45ae7bddf9