Bitcoin: “BTC OG Whale” Injects $40M USDC into Hyperliquid, Expands Short Position

According to COINOTAG on October 13, on‑chain surveillance by LookIntoChain shows the BTC OG Whale transferred 40 million USDC to Hyperliquid, a move recorded on public ledgers and verifiable through blockchain explorers.

The deposit increases the address’s capacity to expand a short position against BTC via Hyperliquid’s derivatives infrastructure; this is a factual report of capital allocation rather than an attribution of intent, and it reflects a change in leverage and market exposure.

Market participants and risk managers should monitor subsequent on‑chain flows, exchange funding rates and liquidity metrics for corroborating signals, using analytics like LookIntoChain to maintain transparent, evidence‑based assessments of evolving Bitcoin market dynamics.