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Newly Created Wallet Opens 20x Leveraged Short Position on 1021 Bitcoins, Valued at Approximately $1.203 Billion

Summary: According to reports from Lookonchain, a newly created wallet address 0x89Da transferred 12 million USDC from Bybit to Hyperliquid. Subsequently, this address used the funds to open a 20x leveraged short position, shorting 1021 Bitcoins with a total value of approximately $1.203 billion.

According to reports from Lookonchain, a newly created wallet address 0x89Da transferred 12 million USDC from Bybit to Hyperliquid. Subsequently, this address used the funds to open a 20x leveraged short position, shorting 1021 Bitcoins with a total value of approximately $1.203 billion.

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Link: Newly Created Wallet Opens 20x Leveraged Short Position on 1021 Bitcoins, Valued at Approximately $1.203 Billion [Copy]

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