New Address Deposits 4 Million USDC to Short 300 BTC on Hyperliquid

A newly created address deposited 4 million USDC into Hyperliquid and opened a 30x leveraged short position on 300 BTC, with a liquidation price of $90,820.04. According to Foresight News, Lookonchain monitored the transaction and said the position was worth $23.76 million.