Lookonchain
A trader sold 262.78 ETH for 643,000 USDC, deposited the proceeds into Hyperliquid and opened a 40x short on 305.51 BTC valued at $25.4 million. The position’s liquidation price is $84,086.03.
Why it matters
The trade links an ETH sale to a large, highly leveraged bearish Bitcoin position. The wallet’s owner is not identified, so the available details do not establish whether it belongs to a gambler or a hacker.
Market impact
At 40x leverage, the position is exposed to a sharp price move toward its liquidation level. The trade is a notable individual bet, but the transaction alone does not show broader market positioning or establish the trader’s motive.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0xf15d41724e10e3d64d2e292fb6fd5e45ae7bddf9#txs)
Frequently asked questions
-
How large is the Hyperliquid BTC short?
The trader shorted 305.51 BTC, valued at $25.4 million when the position was opened.
-
What leverage did the trader use?
The BTC short was opened with 40x leverage.
-
At what price is the position set to liquidate?
The reported liquidation price is $84,086.03.
-
How did the trader fund the position?
The trader sold 262.78 ETH for 643,000 USDC and deposited the proceeds into Hyperliquid.
-
Is the wallet owner known to be a gambler or hacker?
No. The wallet owner is unidentified, and the trade details do not establish the trader’s identity or motive.
WatcherGuru
CoinTelegraph
Whale Alert
CoinDesk
WuBlockchain